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Posted in Lee's Free Thinking

Channel Broken, But Uptrend Intact 4/7/21

This is a syndicated repost courtesy of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Reposted with permission.

There’s a slight break in the beautiful uptrend channel on the hourly chart, but as long as they’re above 4055, the uptrend will remain intact. The 5 day cycle projection is only 4056. The down phase projects to stay flat at this point. Cycle low due today.

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I’m not too concerned about the negative divergence via the indicators. Only if they drop into negative territory might it mean something.

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