Look At These Lines

The E-minis have been respecting the pitchfork drawn on the 15-minute chart, which
began on April 7. A break above the upper line is bullish.


USA Interactive
(
USI |
Quote |
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PowerRating)
has pulled back to its 20-period moving average,
which could prove to be a good entry.

 

It’s interesting to see how the TRIN has respected this trendline and called the
turns recently. Another thing to watch.

Have a good afternoon.


Brice Wightman