SYR Charts, page-2602

It didn't even do a bounce off that trendline I had there before which is understandable as it was insider selling.

But below I've highlighted in light purple the first phase of all the recent consolidation periods. We're in the second phase now and there's not enough PA to call it as yet.

What I would look for is some price overlap and divergence on the indicators. Another is the fib retrace levels. So we're just at the 50% level now and it could get to 61.8 and that 200ma level.



But I think it's a cautious phase atm with everyone eyeing XMJ materials space. That needs to break out and keep going before more flow comes back in I think.



But I wouldn't loose sight of the MT and LT bullish set up in SYR. That's why i started this thread way back. Takes time to play out and for the FA to dominate in what I'm reading now is a very difficult space to get right.

MK.