Hurry Up & Wait

Stocks had a big week last week, rallying for 6.58% to close back above the lower stem of the megaphone topping pattern on Friday.

Then stocks closed lower on Tuesday.

The rally out of the day 60 DCL caused stocks to get a bit stretched above the 10 day MA. Ideally we will see stocks crawl along the lower trend line, which will allow the 10 day MA to catch up to price so the rally can resume.

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