HIGHER THAN YOU THINK, PART II
The jobs report came in better than expected and we got a pop above resistance that has held and even run throughout the day. Overbought is becoming more overbought, which is very bullish. Tape action and technical action and the overall setup tends to favor a run back to the 2007 high rather than a top soon followed by Wave E down. Here's how I see the market currently:
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