The July is very important to this bull market. If we can rally and stay above this congestion, I expect a strong year end rally; otherwise, look out below. Please notice the momentum at previous lows were not breaking down, it clear did this time. A major warning sign, though the price itself looks good so far.
Friday, June 30, 2006
RUSSELL 3000 chart-weekly
The July is very important to this bull market. If we can rally and stay above this congestion, I expect a strong year end rally; otherwise, look out below. Please notice the momentum at previous lows were not breaking down, it clear did this time. A major warning sign, though the price itself looks good so far.
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1 comment:
nice chart. i never noticed the congestion u pointed out
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