Replies to post #11705 on Short Term Trading Member Forum

[Blackbelt1]

I meant to say a close above the downtrend line running across the highs from March to May will clear up any issues about the 40-week low being in.

This market looks like it has work to do studying the weekly $NYA. The chances of the weekly candlestick closing above the downtrend line this week are slim. Next week offers a reasonable chance, but the question remains: Can it, will it do it?

Black