May the 'real move' rise!

After close analysis:

Been away from trading desk for 2nd day now and already miss my roomies ... Wow, this was a nice old-fashioned TD in the market: basically everything rallied in unison (any conductor around? hehe) after sort of indecision day yesterday following FOMC announcement on Tues. I expect some backfilling to take place next week.

Observation(s) of day: ES 200R chart 'sloping pattern' continues to play out especially after holding ema! This pattern is such a powerful basing one.

Market breadth was relatively strong with Vold scoring a hi of 872 with less than 1/2 of that in the final 90 min. (and on a Friday, go figure!). Would have liked to see it reach 1000 but the levels taken out today by the indices confirmed more upside in the making. Add and Addq opened higher than previous 2 days and stayed up: All 3 with +ve xovers and nice bo @ 2 (after cnsld) and 3:30pm (cont.).

Futures were bullish all day especially the ES 200R pattern which continues to impress. ES, NQ, and AB all reallied and had a classic TD type 1 day and all above their emas. AB's bo levels for the day were 634.5 and 636.5.

Indices were extremely +ve today with SMH & SOX crossing their emas and taking out few days' worth of levels. I see it as a precursor for more upside to come. Dow took out the 10650 level with ease and is @10725 area right now which should be interesting and a good confirmation of another strong move. I wouldn't be surprised if at some point in the medium term the Dow made an all-time hi (oh shucks did I have to say that!! haha)...

Overall neutral day!