S&P 500: Another Powerful Up-Gap Move

 | Apr 25, 2017 02:58PM ET

Wow! Make that two consecutive up-gap openings. Monday's breakaway up-gap followed by Tuesday's acceleration up-up-gap are very powerful, hinting that SPX is in the throes of a vertical blow-off type of up-leg that my work argues will conclude the entire advance off of the Nov. low.