Although there is a divergence on a QTRLY and MONTHLY chart, the candle that formed however was not complementing a reversal lower. This increases the odds of new highs coming in the near term. A candle bar alone is not a standalone indicator of things to come but when one does not jive with the other, the probability ratio changes. In this case a downside bias for bears are lower now and continues to the next Quarter or Month. Perhaps if a bearish move comes will be based on Weekly duration since the longer term still shows a bullish sentiment. Who knows what DB, WFC the FED or Pres. Election brings us this weekend.
SEN: Bullish
ST: UP
PA: UP
R: Sept 30 UP
Thanks MP! Looking forward to next week!
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