Replies to post #2683 on Freddie Mac-No Politics (FMCC)

[mr_bitterness]

30 minute chart: 1st time with more than 2 consecutive closes above the EMA8 since the bounce on Tuesday 9/9. Only 1 period closed above the EMA8 on Wednesday 9/10.

Still waiting to break the middle bollie here. People are cautious and taking smaller profits more quickly

- but now volume is dropping and Bid is thinning.

15 mins back below the 8 but still above the middle BB 20.
PSAR = .263

[mr_bitterness]

Not only have each of the 3 latest 15 minute periods closed above the EMA8 and the middle Bollie, they all closed above the Upper Bollie!

The 1st 30 min candle today closed above the upper BB and we'll know soon enough where the 2nd closes. Anything above .35 beats the upper BB.

The 60 mins candle opened on the middle bollie and is now well above it. When that starts closing above the upper BB FRE will be cruising.