made a thrust bar ON FRIDAY (outside day, range >= 20 day ATR, touches 20 DMA or Bollinger Bands
), which provides a reference point to enter the market and establish risk. Friday’s low is just above daily reversal support (6/6 close). We were long in early June and it’s time to return to the position. It’s possible that an inverse h&s
is forming from the 4/8 low that launches a significant swing.