Thursday, May 11, 2017

05/05/17 Chart of the Day $NYA #Stocks

Chart of The Day

Consolidation, a period in which stocks build cause and get the majority on the wrong side of the trade, can redistribute energy just as well as big declines. The market has been building cause (consolidating) since early March.

While the bulls recognize growing alignment, they will likely have to wait until technical measures of internal strength turn bullish.

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