The 1,040 Support level held on the Emini today. We rallied 20 points but on very low volume. Prior to today we had 3 high volume down days – Professional accumulation? Obviously the 1,075 Resistance level above is critical going forward.
Volume Indicator – Low Volume Up Bar (Emini daily)
The obvious question is: "How long is that rally going to run?" The answer is: "Trend moves always last longer than you expect."
I rarely post charts of individual stocks. But the long term (monthly) charts are suggesting that a cyclical top is approaching, but not until possibly the end of October. I'll be looking at these charts at the end of this month to see how they have progressed.