With the New Year just around the corner, I would be safe to assume that most if not all are still in the holiday mode. So a sideways grind might not be out of the ordinary. With all indicators still pointing up, I am inclined to say that the new high or higher highs I am expecting is still valid. Perhaps when everyone returns to the market for the new year will they see the gift they have been given and cash in. Probably not before prices makes a higher high..
The divergence I have been monitoring have faded with prices staying sideways which has relieved most of the pressure for a correction, as evidence seen in todays pre market action where a draw down occurred and then a rise into trading hours.
MT: UP
ST: UP
PA: NA
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