Click chart at the left to enlarge.
The Cup and Handle off of the 8 day EMA worked giving us a solid break above the 1,100 area. Stochastics remain embedded above 80 and weekly stochastics (not shown) take a sharp move to the bullish 80 area.
Even the mega-bear, Merrideth Whitney, could do little more than cause a pullback to R-2 for 30 minutes.
Target to the upside is the top of the drawn channel or 1,120; whichever comes first. Support is at 1,105 followed by 1,101.
The candle represents normal buying and is bullish.
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