The surge in the 5-day breadth oscillator suggests additional short-term momentum to take prices higher. The updated Dow Solunar chart inside for subscribers shows the expected August low, September high and October low seasonal dates.
Tonight's numbers from the FED show a bump in their balance sheet. The FED may be trying to put the breaks on stock market weakness with some renewed money printing pumping.
Tonight's primary chart shows the shallower slope of the Money Printing Pump since the Fed's taper. The question is whether this new rate is enough to prevent an outright stock collapse.