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| Another View of the Triangle |
Here's another way to count the "triangle" but does the 50 day EMA, RSI and MACD support this view? Hmmm...So the one below may still be the one to watch.
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| Triangle |
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| ALTERNATE 1 |
Here's a variation on alternate 1 that assumes a very bullish move is in store for Monday. If this count plays out, the market should rally up out of the base channel and follow the green acceleration channel higher.
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| McClellan Breadth Thrust |
Could the breadth thrust continue to provide the momentum to support Alternate 1 above? The McClellan respected a trend line of support and broke thru one of resistance.
The daily MACD histograms may be pointing towards a turn higher. We shall see. .
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| Weekly MAs |
The market continues to find support at the 13 week EMA which is still above the 80 week SMA and the 150 week SMA is turning higher.
