Since the beginning of this year the market has attempted to breakout to high 3 times and had trouble. This time we are witnessing a 5 day rally , will it break the range.
The breadth during this attempt has picked up in last few days and we are getting a breadth thrust of 2 plus. That is a good sign.
In few weeks the earnings season is starting. The earning season will decide the fate of this move. If earnings exceed expectations then the move will take out high, if earnings are so so then expect more volatility.