All leading positive divergences. I said to a member yesterday that would prefer to see a rally on Monday or Tuesday rather then today, to keep momentum up. From what I have seen the last few days and especially today with a seemingly dull market, this looks like almost every other accumulation period we have seen. If this keeps up today, I will consider adding any dry powder in to the mix. There are still some other charts want to check for confirmation. I'd also prefer to see some more movement inside the ranges I showed at the end of the last market post, it makes it easier to confirm accumulation near the lows of the range or even a peak below the range.
No comments:
Post a Comment