"I'm on Fire. You Move Over and Get Outta' My Way"
"Follow the Money." The ZZs continue to signal a Higher Market Ahead!
20 Day, 60 min. - July 27 - Channel Trend Continues Bullish and by all standards is way overbought and due for a correction which never seems to come.
3 M, Daily - July 27 - We have had a Breakout above Resistance at 96. This has now become our New Support. The MACD and CCI remain Bullish and Overbought. Most pundits call for a pull back but the market seems to have other ideas. A high probability is that we may go side ways with the 96 serving as Support. We could get a range between 96 and 102 (speculation on my part).
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