Friday, July 8, 2011

Rally Off Weekly Confluence Support Shows Bullish Strength In Triple Index Check

I’m assuming most traders were surprised at the recent power-rally in the US Equity Markets recently. However, taken into the larger context or perspective, this rally formed off major “Make or Break” Confluence Support as best seen on the Weekly Chart. What started as a simple “retracement” buy-in has ignited a powerful “Positive Feedback Loop” that morphed into a powerful Short-Squeeze.

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