And Oh So Mellow

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What a difference a year makes, eh? Last September, the world was going straight to hell. This year, everything's coming up roses.

We are mashed up against 50% retracements all over the place. Some indexes – the $NDX springs to mind – are starting to breach the dam, pushing above resistance levels. Others are still contained but merit close watching, such as the Russell 2000 ETF, IWM:


And just in case you needed to feel any more melancholy: