The upper black, down-sloping channel line (now calculated to be at 1210.46) has now been reached and slightly exceeded, at a high of 1213.92. If this upper trendline channel works, this rally should be over...I suppose it could go sideways for a few days, tops are notorious for doing that, but the overall position should be that the bull run from the March 2009 lows is over...Again, as always, we wait for the market to give us confirmation...
2 comments:
Good going, Mark.
Hi Gail,
Thanks!
Mark
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