How about this as it's your chart we are talking about. Late next week we'll have 5 days of trading added. If you put it up again, we can assess where that median line is then and if it's still trending up, flat or reversed, and where the SP has traded.
I like the set up too - but feel if we get consolidation and holds above 7, the median will catch up and positive signs. Of course, if the SP falls it will be a different story. I'd be interested to see if it gets down to the median quickly, 6.5- 6.7, how much it turns. On a spike, probably not much, but a slow move over the 5 days is what I'm interested in.
Again, I am hoping we don't see it and the SP heads up over 8!
DRE Chart, page-2148
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