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For the PnF Market Board, both bonds and equities are on a buy.
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Today, AGG triggers a Double Top Breakout
We have a 112.81 or 1.34% price objective, with a reversal getting triggered at 110.53 or -.71%
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Today the transports trigger an Ascending Triple Top Breakout (two back-to-back Double Top Breakouts) and are the only remaining Index with overhead price resistance. From the most recent high, another 5 boxes or 1.25% will give us a 52-week breakout
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The remaining indexes are still on a buy, and getting a bit over-extended from their reversal levels, but we've seen these setups before and know they can last much longer than a rational person would expect. That's the low-volume trickle up rally, small moves that add up to big gains for those who are patient enough to watch the paint dry…
Bonus chart...
Trade Hard…Jason
For the PnF Market Board, both bonds and equities are on a buy.
___
Today, AGG triggers a Double Top Breakout
We have a 112.81 or 1.34% price objective, with a reversal getting triggered at 110.53 or -.71%
___
Today the transports trigger an Ascending Triple Top Breakout (two back-to-back Double Top Breakouts) and are the only remaining Index with overhead price resistance. From the most recent high, another 5 boxes or 1.25% will give us a 52-week breakout
___
The remaining indexes are still on a buy, and getting a bit over-extended from their reversal levels, but we've seen these setups before and know they can last much longer than a rational person would expect. That's the low-volume trickle up rally, small moves that add up to big gains for those who are patient enough to watch the paint dry…
Bonus chart...
Trade Hard…Jason
