JTH

(everybody's in the race)

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14th trading day of March

• SPX, 45% winning ratio with -.01% average returns
• R2K, 50% winning ratio with -.17% average returns
• AGG, 36% winning ratio with .03% average returns

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Wednesday

• SPX, 73% winning ratio with .62% average returns
• R2K, 82% winning ratio with .81% average returns
• AGG, 45% winning ratio with .08% average returns

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AGG, 30-min

• Over the past 11 years or 2821 days, Wednesday's .73% gain ranks as the 34th largest, and is in the top 2 percentile
• Of the 56 days ranking in the top 2 percentile, the next day's winning ratio is 34% (last 4 times closed down)
• With the recent breakout, we've established a higher high (yet to establish a lower low)

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S&P 500, 30-min

• Buyers stepped us up to trendline 2-4 closing, and testing 2102

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Wilshire 4500, 30-min

• With a piercing of the previous minor triple top, we've made a fresh set of 52-week highs
• Now that we've made a higher high above wave AB, I'll be expanding the quadrant lines & adding to the waves for tomorrow's chart

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Transports, 30-min

• Although today's action was somewhat subdued, price looks poised for a re-test of the previous 52-week highs

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NASDAQ 100, 30-min

• Good bid today, price looks poised for a re-test of the previous 52-week highs

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Closing today's session, we exhausted buyers on the 15 minute charts, meaning we weren't able to close off the highs and this leads me to believe some minor consolidation may be needed for Thursday's price action. And while in the short-term we appear overbought, it is possible the "late to the trade" crowd could attempt to outpace sellers, causing us to push higher.

Luck is not something you can mention in the presence of self-made men… E. B. White