Accumulation Completed, Expect Markup to 3930
Initial target is 3880 by end of week
3930 by end of next week 1/13
Likely consolidate in low 390s before decision to continue to 4000 by end of Jan or drop. There was accumulation in October, Distribution in December, and minor accumulation over last 2 weeks. So battle at 3930 will be a clash between these structures
3930 by end of next week 1/13
Likely consolidate in low 390s before decision to continue to 4000 by end of Jan or drop. There was accumulation in October, Distribution in December, and minor accumulation over last 2 weeks. So battle at 3930 will be a clash between these structures
Commentaire:
Right on the trajectory. Could have legs for breakout - will post update this weekend.
