After a couple of weeks below the yearly weekly range, we have broke back within, the trend continues to be to the upside. For most including myself it was a difficult range to determine a bias; however when in an uptrend the market will always surprise you to the upside, when in a downtrend the market will always surprise you to the downside. Next target marked...
2nd time we have had a weekly close below this yearly trendline. Time to close longs and enjoy a chop or begin hunting for short setups. Current outlook is chop sideways for 2-3 weeks before reassesing our structure for a potential breakout trade.
