AI
Friday, June 02, 2023 7:18:10 PM
Attached below is a chart everyone should be familiar with by now. I've been saying for a few weeks that lack of volatility always leads to increased volatility and we finally saw a breakout today. Top pane, PPO is just beginning to show positive momentum. Second pane, RSI is not yet oversold but Bollinger bands have been breached. So even though everything except BB looks positive I never expect a market to continue upward in the short term until we're back trading within the bands again. The bias is clearly upward but we may still be flat to down on Monday. Enjoy your weekend.
The stock market is a device for transferring money from the impatient to the patient. - WB
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