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Typically, the pullback would be bought and the rebound would break the blue line above, typically.
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So it went exactly typically: pullback being bought then make a new high. The current pullback probably would be bought again because the breakout was strong.
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The pullback probably will be bought again but this time I see possible 3 Push Up so the coming "bought" might not make a new high (just might, more often there'll be a 4th push up to make a new high before the pullback).
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Swing high today resets the pull back, looking up unless new recent low were taken out unexpectedly, lets see what the Fed got to say, I hope they will throw another bone for us. woof woof ralf urff. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Again, more often there'll be a 4th push up before a pullback can be possible as illustrated by dashed blue lines.
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So far goes as expected (fulfilled lines are now solid line instead of dashed). Typically there's a lower high rebound at least (dashed blue line), let's see.
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So goes as typical. Now closing time anything can happen, my guess is down because FOMC tomorrow and bulls have lots of profits recently so they might want book now .
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