Volume today was about 1.2billion shares traded - just a little down on Friday. Given that Victoria had a public holiday today, that figure is very strong.
Overhead resistance is still strong which might slow the market down.
The RSI still shows no divergence from price and is still well below the overbought level of 70. So there's still room for the market to move up without getting nervous about it.
The A/D Line is strong and showing no sign of divergence. That's a big positive.
Small Ordinaries was up 1.5% while the 50-Leaders was up 0.7%. So Risk Taking Sentiment was supportive and not indicating a chance of a fall.
I'll be doing more number crunching later tonight, but I can't imagine anything will crop up to change these comments.
So ... it's goodbye from Me and it's goodbye from Him.
Cheers
Red
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