Taking a step back for the week on vacation!
Looks like nothing happened but more consolidation.
Looking at the daily closures we can draw intersections when the daily crossed the weekly and can see the two long term up trend lines.
We are letting the 77 day * (might switch to 90 days (banking qtr) day catch up to the rush!
We are now under the 21 day 7 day and 77 day!
I believe we will see these converge in the next few days and start the first leg up. Keeping with the trend lines and elapsed time we might not see the second leg until September.
Looks like nothing happened but more consolidation.
Looking at the daily closures we can draw intersections when the daily crossed the weekly and can see the two long term up trend lines.
We are letting the 77 day * (might switch to 90 days (banking qtr) day catch up to the rush!
We are now under the 21 day 7 day and 77 day!
I believe we will see these converge in the next few days and start the first leg up. Keeping with the trend lines and elapsed time we might not see the second leg until September.
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