NDX100 Daily Chart @ Close 07/29/2016 |
NOT until a Clear Sign is witnessed should we 'doubt' this Rally; as the DMI/ ADX Indicator 'trumps' all others including the RSI.
Caveats are existent; the Small Caps 'idling' sideways for 13 days; the Bio- Techs setting the pace BUT below retrace levels that keep it in a Bear Market Rally categorisation for now. Patience.