With price action providing bullish weight-of-evidence in the month of October 2019, the recent multiple day consolidation may see a upper boundary breakout as momentum attempts to move price action higher towards the all-time highs.
Price Action initially moved below the Opening Bell before finding minor support at the intraday lows and reversing. Momentum changed direction and price action crossed above the Opening Bell and continued the pre-market bullish trend all day as it stayed above the 20 MA and the 200MA.
Using Simple Price Action Analysis, Candlestick Analysis and Mini Market Cycle Analysis...for ES Emini Futures and MICRO ES Emini Futures
Price action re-opened Sunday afternoon and after finding immediate support, momentum continued to move price action up as it crossed above the 20MA and continue to be bullish in the upper 1/3 of the prior day's range. The 20MA...