Still in a megaphone pattern as previously described. Bounced nicely on the megaphones lower trend.
1. Bullish closing at $161.25 today as it is above all the previous green trend lines.
2. Golden cross of the 20 day EMA crossing the 50 day EMA. EMA lines now in bullish orientation for trend traders.
3. Stoch and RSI has room for 3 or more trading sessions tailwind. After that probably time for another cool down.
4. Hard to make a call here looking at the macro backdrop but a breakout above the megaphone's grasp will see $193.47 challenged based on the megaphones magnitude thus far.
Have a great Easter weekend all
(20min delay)