Although I'm bearish with the divergence this might fit the POMO and might suit the bulls. These last 4 time cycles have been buys (or very close to on the first occurance) so will it repeat or surprise?
Few options, USA get a minor pullback into it forming a higher low, or a bounce off the breakout line? Or they keep rising into it, completing the smaller range making it a sell this time? A bounce from b/o line might produce a lower high as Laundry predicts too?
As it's only a couple of days off the QE2 and election date around the start of next month might be a good time for a decisive action?
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