I'd like to start with my opinion first, I'm a bit suspicious of the sudden price surge across the board. Granted Monday and Tuesday are usually bull days; however, to go from a 3% to 5% drop from the strongest of tickers too green with little to no positive catalyst is odd.
Update;
The gap noted in previous charts has filled, but as I type this (12:30est) we've dropped below the price SMA.
One factor working with us is that we do have directional strength back on our side. WITH A BARCODE PATTERN
both statements apply for the 15 minute time period.
for the long run (1h and Day time frames) directional strength is a long way to go, price strength is attainable but we constantly cross both sides.
I'm aware of the FEDS talking toward the end of the week so this could either go from good to scary or the opposite so I'd wait.
Update;
The gap noted in previous charts has filled, but as I type this (12:30est) we've dropped below the price SMA.
One factor working with us is that we do have directional strength back on our side. WITH A BARCODE PATTERN
both statements apply for the 15 minute time period.
for the long run (1h and Day time frames) directional strength is a long way to go, price strength is attainable but we constantly cross both sides.
I'm aware of the FEDS talking toward the end of the week so this could either go from good to scary or the opposite so I'd wait.
