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Walter Deemer, industry influencer, observes that while there is currently a 69% upside day, it is the Whaley Price Thrust that truly matters.
Deemer credits the Whaley Price Thrust as being the most important indicator, regardless of the market's current upward move. The comment also acknowledges Wayne Whaley for this analytical perspective.
Deemer previously cited a 75% upside day in the U.S. stock market at 11am, referencing the Lowry measure for market breadth. Another recent observation noted a downside gap in QQQ, highlighting specific price levels for a potential rally. These updates offer additional context to Deemer’s ongoing market commentary.