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JJ8

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JJ8

Re: None

Tuesday, 01/09/2024 12:30:14 AM

Tuesday, January 09, 2024 12:30:14 AM

Post# of 6246
Interesting and intriguing chart pattern waiting for a resolution:

The Dailies have been in downtrend for the last 8 Daily sessions. However,

The Weeklies have continued in UPTREND for the past 14 weeks! A suspense dynamic.

The Weeklies serve as a confirmation of the new UPTREND that must start first in the Dailies.

Apparently there seems to be a very thin line in this situation. The P/V dynamic is close for a Weekly confirmation yet not close enough for THE confirmation.

The Dailies continue in downtrend and the Weeklies remain in uptrend for so long. As of today's (1/8/2024) closing of the market, the balance shows a +0.65 (up) that is +0.72% (up) in favor for confirmation for an uptrend. Yet only enough of a difference for the Weekly to continue in uptrend.

Which way will this go?

When?

We shall find out soon, hopefully.
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