We have strength, but we are far beyond the mean.
The Daily charts indicate Strong Bull while the weekly indicate Very Strong Bull.
The consolidation has been broken to the upside.
The broken consolidation range is: 26049/26907
The Friday close was 10 points beyond the upper ATR Band.
Next week we could see a retreat back into the prior consolidation range or a continuation of the long. However, the prices do need to return to the mean.
Expecting to range between: 26618 - 27722.92 for the next week.
The Daily charts indicate Strong Bull while the weekly indicate Very Strong Bull.
The consolidation has been broken to the upside.
The broken consolidation range is: 26049/26907
The Friday close was 10 points beyond the upper ATR Band.
Next week we could see a retreat back into the prior consolidation range or a continuation of the long. However, the prices do need to return to the mean.
Expecting to range between: 26618 - 27722.92 for the next week.
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