Retail Making a Run

Here is the July-October pattern in the RTH, which shows last week's upside breakout above 100.50, the upside follow-through to 101.49, and then the pullback into today's low at 99.45 -- which happens to suffice as a higher-low within the overall bullish channel. As long as the RTH manages to hold above critical near-term support at 99.45/28, then the larger uptrend pattern will remain intact -- and with it the potential for a run to my optimal larger target zone of 102-03.
  Matched
x
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!