The last 2 days have not brought the follow thru we hoped for with price taking off to the moon. But there are good things buried in the chart that might otherwise go unmentioned by the pundits and talking heads
Did you notice the volume over the last few days? Think "The Jefferson's". Yes, we're "movin' on up"! And did you notice we filled the gap, if only with the bottom wick of the candle? Think "Casa Blanca". Yes, Casa Blanca! You know..... He's sitting at the piano....... "So just remember Bill, a fill is still a fill". What? Oh, ok, so I changed a couple of words. Ya gotta cut me a little slack. I gotta come up with this stuff all by my lonesome! LOL
In essence, the breakout occured as we hoped, volume is picking up (meaning more buyers are wading in) and we have filled the gap! Yes, ok, we wanted it to be much more bullish in character. But the Bull is still snorting and moving forward, hoof by hoof. Perhaps we're not yet headed to the penthouse, but the elevator is definitely moving in the right direction........... UP!
CURRENT MARKET TRENDS
Long Term (Weekly Chart) – Up
Medium Term (3 day chart) – Up
Short Term (Daily Chart) – Sideways with a Bullish scent
Chart of the Daily DIA Below
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