Early Signs The Bulls Are Seeing RED - $SPX $SPY $NDX

I am starting to be convinced that we may be back in the business of going long. On the back of the political developments in the U.S. there has been a large number of positive gaps, PYPL, AMZN, GOOGL, MSFT and both the Nasdaq 100 and the SP500 gapped higher today. This is a show of strength, bull are getting in on what they see as bargain prices. Combine this with the short-term positive divergences in the core indicators in the chart and we start to perhaps see the start of the rebound. Time will tell. The market may be pricey, but when did fundamentals get in the way of greed :)