Verizon closed the window and established higher. There may be some upward pressure tp close the second window as well.
Today the rate broke out of the range and the indicators still point higher.
It is a sideward trading now with a slight upward bias. It looks like if we would try to test the midline of the pitchfork now.
What shall I say? We got a fresh impulse to the upside. I don't think that the downtrend has ended yet but some more retracemrnt up seems possible to me now.
This looks toppish now and could result in 150 bp to the downside.
We are neeath the cloud and the Chikou Spans are crossing. Even if we will see a slight retracement the way down seems to be free now for some 10 points.
Slowly but steadily the Exact Sciences are growing. I see a healthy development as every move up has had a correction. Thus makes me asume that we can expect some more gain.
GPRE has made another new high. The momentum is still not slowing.. I try again to jump on the wagonfor some percent.
Sometimes a new trend will begin. For now it is range trading with a little pressure to the upside.
It became rangetrading and the upward pressure is increasing. That's why I'm taking a bite now.
We sae a correction to the bottom of the broken previous rising triangle. The broken triangle suggested a coontinuation of the uptrend. But even if the uptrend will not continue we can expect a rangetrading where we are at the bottom now.