We opened exactly where we closed yesterday at 550 1/2. We made a nice little move up before retracing and closing to form a Shooting Star, except Stochastics are not overbought, so its not a problem.
We closed over the 8ema and still on a Bullish track. Also, notice how we closed with the Bollinger Bands inside the Keltner Channel. We are now officially set up for a BB/KC Squeeze Breakout, which is great news, if we continue on our upward trajectory. But instead, this might be an indication we're going into a sideways consolidation. We'll see. (You can't see the bottom BB inside the KC because its blocked on the screen capture, but I checked and its definitely inside.)
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