While the market has been rallying in recent days, a leg down to re-test channel trend line support is still likely so bulls will want to see a break above 11,070 to keep things interesting for them. We are technically still in a bull trend so I think market should see some continuation soon.
Market just broke out of an inside-inside bar formation and is now negotiating a key level at 11,070. If we see a daily (and a weekly close) above this level, we may see a re-test of recent market highs next.
Market just broke out of an inside-inside bar formation and is now negotiating a key level at 11,070. If we see a daily (and a weekly close) above this level, we may see a re-test of recent market highs next.