Very bulish chart no doubt, but what you will want to pay close attention to today, is whether the slight weakness we are seeing, jeopardizes the existing trend-line, because if it breaks, it could create a snowball effect, where the market starts seeing heavier selling come creeping into the pictures – which is a strong possibility considering how light the volume has been of late to the upside and how steep the trend-line actually is, which as you all well know, makes me doubt the legitimacy of this recent move off of the 1/28 sell-off. So keep an eye on this chart for gauging the intra-day health of this market. Currently support rests at 1320.
