Several Days of Sleep Can Built Up an Appetite. Watch for a Breakout!
20 Day, 2 Hour - Nov. 18 - Stair Steps to a Higher Market.
20 Days, 2 Hour - Nov. 18 - What can we make of this? The Price Action is above the 200 Day Moving Average (Bullish). A Bull Flag has formed out of several days of consolidation. The Intermediate Trend is Bullish. The MACD is subdued which begs for action. The lack of a sell off is in fact Bullish. Overall I would expect the market to go up from here. Of course, this could be absolutely wrong. The market is the market and there is always the possibility of news that affects the market. Our analysis is based on technical analysis and we try to leave out as best we can any bias as to the national economy, politics, and what "we think the market should do."
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