The three waves down on the S&P 500 have only come back 5%.  If you bought YY at the CAN SLIM entries of the May 3 launch from the 50 DMA, or the May 8 short stroke, then the three days of distribution on the S & P 500 did not give you any sell signals.

Also note the very low volume selling in the index on June 4th and 5th.  Since the S&P 500 has been leading this rally, I have been more focused on this index.  That focus kept my eyes on this very gentle test of the 50 day line.

So it makes perfect sense to me that the follow through day would show up on Thursday.  Since the S&P is where the really great action is, maybe MA will be the big cap leader of the next (and perhaps last) burst.