At end of July, beginning of August, the market put in a similar move that broke below weekly support, only to find the upward sloping moving average below. There are some differences though. NQ (Nasdaq) not cooperating and TF (Russell) is in a very precarious position at the top of its channel after a blow off move out of the ICL.
Still remains to be seen if this move can produce enough energy to get it into the mid to upper 2200's. That might prove difficult.
(EDIT: 07/31-08/08/16 Analog Overlaid)
Still remains to be seen if this move can produce enough energy to get it into the mid to upper 2200's. That might prove difficult.
(EDIT: 07/31-08/08/16 Analog Overlaid)
