In the last update I was looking for a normal reaction after a move out of the base and over the point of least resistance (PoLR). I’m happy to say, that reaction looks intact.
This week has been rough for the market. Despite that, this has held up relatively well and it provided the low volume pullback I was looking for. Today the volume was slightly higher and made a good recovery off of a pretty steep low and closing green to the high of the day. If today’s move has follow-through to new highs, I may have to add to the position.
