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I agree . . .
For my 2 cents worth, there is a run up from October to April, with a good shake out about now to mess up the "weak hands". Then we get another run up until the "Sell in May and go away disaster", is my guess.
after two red bars, we get a blue, wedged between L1 and the 25 SMA. more importantly the daily stoch is still heading down while the weekly stoch K and D gap widens. until we get more info, this is profit taking or a correction in an uptrend.
correction or profit taking under way, but they are fighting it all the way. with the Fed handing out free money to the Zombie banks to trade with. the Boyz need to take it down to build inventory to sell to the rubes on the way back up.
weekly is still bullish even though it's pink. daily shows a new cross to test resistance. the big boyz must be running out of inventory even though the Fed gives them free money to rig the market in this stealth Depression. but go with the flow, which is the "chart".
