That's all for the month and the bulls had something to prove, even after the GDP and PCE data. Trust price! Showed a potential wave which could get the weekly engulfing pattern more power. HAGW!
Back over last month's highs! One more trading day left this month, so is it EOM mark-up, or are we looking at a GoldenZone retrace for the bears? The bulls definitely had something to prove, even if it was squeezing out the shorts after today's GDP print. How will it get digested overnight?
It happened again! Imagine that! More important price action as we went through last week's lows. The bears are still clawing into last month's range, and we could see that there were several impulsive downside waves, and the worked nicely. Now we will see if the range continues and if gaps below become targets!
Once price got back into the prior month's range and below the weekly low and out of that daily Doji range, it was go time for the bears. There was a nice intraday wave count which kept us thinking impulsive as price stayed below those levels.
Price still napping on, I mean testing last month's highs, so the bulls have something, but for the most part, inside week, after the narrowest ranged week in over a year! Now we will see if earnings can get things out of this range.
Still above last month's highs, but the weekly and daily had super choppy candles, and we felt it! Even on Opex day, there was barely any movement, so it tests our patience, and we will wait for the next clues of a move.
Still over last month's highs, but bulls struggling on the weekly and daily. The intraday showed that the bears were still out there after another grindy morning up, the bears growled keeping things relatively down into the close. OPEX tomorrow!
Still over last month's highs, but the weekly chart is below last week's lows, and the daily put in a lower high and lower low. Someone needs to step up here, for our sakes, so we don't have to muddle through the choppy sloppy!
The monthly chart continues to stay above the March highs, and the weekly chart is drifting higher, but today's daily close near resistance could turn into one of those bearish Hanging Man patterns, so we will see!
Over last months highs but whipsaw action in last week's range. The bulls stepped up today with their trademark V-reversal after the bears failed to press below the daily lows with any sort of authority. Give the bulls an inch, and V!
The bulls managed to keep price above last month's highs, but the bears are not making it easy to get out of this consolidation. Major geometric level tested today and finished with a Doji on the Daily chart, so we will see what kind of confirmation or not that we get next week!
Finally a move! It was the bulls that defended last month's highs and took the ball and ran with it today. They will be running straight into Friday, so we will see if the bears have anything to say then.
The bears made a point today - finishing with a Bearish Engulfing day (again) but off of a better-than-expected CPI print and FOMC minutes! Kind of an emotional candle! This got the monthly chart to turn red, and weekly off the prior Doji's.
Monthly still just chopping, but interesting maneuvers so far on the weekly and daily... and intraday, with that EOD rug pull leaving those in the bull camp guessing.
A bit of a slow day despite the green close with higher highs and higher lows on the daily candle. Price is still testing last month's highs as the overall area is range-bound, as it has been for the last year. Last week's close was Bullish Engulfing, so we will see if that can hold.
The chop continues as the monthly candles are still rangebound from last year! Price currently dancing around last month's high, and the weekly chart could be setting up for a Doji sandwich! Enjoy the holiday weekend!
Still testing last month's highs, but the bears did manage to close in it so far. The weekly chart still looks choppy, just like the intraday action, but we are seeing downside movement off of yesterday's Bearish Engulfing Day.
Price going back into last month's range! The bears liked that but the bulls kept things choppy as we continue this shortened week. The daily chart finished with a Bearish Engulfing Candle, so we will see if probabilities play out for that!