well...here we are...the perfect test of a break...broke the line to the upside in this case...had a day or two where the lows were "separated" from the line it broke. If price breaks a line and then for days afterward have lows, in the case of breaking above, that touch the line that was broken...ehhh...I look at those with the poop eye.
So this one is very nice...several days where the lows were above the line...then on day four...it comes down and sits on the line. Then it closes above the line nicely.
Day five today. Should tell the tale...in a perfect scenario there would be a nice up day today to indicate she's launching for a trip further up with a nice tradeable run.
I generally pay exactly zero attention to the funnymentals and do a purest chart interpretation but one would, I guess, have to be pretty foolish to ignore that this looks like a pretty
heavy FED report day.