Friday, November 14, 2014 8:54:33 PM
Mid-November and September's swoon is forgotten . . . October's recovery led to November's all-time-new-highs.
For the 1st week in November I drew flags on the RUT & NQ and ascending wedges on the YM & ES
correlating to NR7 patterns that completed last Monday.
The NR7 was suggesting a reversal might be in the works; Tuesday's overnight sessions looked like we were heading lower.
But the NQ and RUT both broke to the upside from their flags with the NQ leading a lonely charge up.
...the rest were basically sideways for the week.
For the 1st week in November I drew flags on the RUT & NQ and ascending wedges on the YM & ES
correlating to NR7 patterns that completed last Monday.
The NR7 was suggesting a reversal might be in the works; Tuesday's overnight sessions looked like we were heading lower.
But the NQ and RUT both broke to the upside from their flags with the NQ leading a lonely charge up.
...the rest were basically sideways for the week.
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