Nice picture of Fay.
In the recent uptrend cycle, the market is showing some mid-month slowing of the upside momentum, as the Two-Day Rate of Change Indicator has failed to make a new high. Day-to-Day range volatility is also decreasing.
The $TICK moving averages (13 and 38 period EMA's) on the 30 minute chart has spent the last month making higher lows, but also has been making lower highs. The good news is that the averages are still above zero.
Charles
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