Pause or pullback is probable, but nothing to be worried about
The calculated scores for today indicate a pullback is likely tomorrow. The 4 hr chart score is very high, however the RumWave shows a positive trend through at least mid August. I am continuing to Hold my
bullish positions.
The 4 hr chart (above) slow stochastic is at overbought levels. It will probably move back down a bit. Of note, the RSI is displaying a bit of a bearish divergence.
The Daily chart (above) also shows us to be at high slow stochastic levels. I think a little give-back may be in order. We may have seen the start of it in the last 30 minutes of trading today when the market gave up steam drooping from +70ish to +20ish.
GOOD LUCK TOMORROW!
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