Rebel Yell: EC Spread Revisited Through Thursday's Close
Since our last update on the Erlanger EC Spread, the S&P 500 via SPY has crossed above 0. This confirms the recent strength in the market.
The corrective phase is complete for now. We have highlighted the Heikin Ashi Candlesticks. Green is good. Red is bad. Currently, we continue to see green.
The takeaway is the S&P 500 has moved above 2050 and now 2100. Could a test of 2150 be next?