EliteTrader101
Long

Macy's Going to Celebrate!

NYSE:M   MACYS INC
29 0 0
This stock is ready to rise after we had a low volume test on the daily. Macy completed the downward cycle with 3 clear levels of drop, followed by an accumulation phase, then a breakout and a clear rejection of the top edge of a value area. You can see that levels are balancing higher now.

Fundamentals are going to drive this market to insane levels, you can't fight the Feds, you just have to follow their instructions to stay long and make a fortune.
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