i am going to flip flop

Looking past last nights dodge performance on the Dow, I looking for a bullish break from this consolidation.

My reasoning is quite simple:



You see the mail blue line once, hit the market a month or so coming on the way down. When it hits this like it should have a proper sell off. We had a major 1-2 day reaction and that has been it.

Now we are rubbing up againts it again and the market is hardly budging at all.

Bar last night, the dows chart has formed a bullish setup and I beleive appropriate market action here, to end up with a bearish outcome would be a solid rally until the end of August up the the blue horrizontal (rather) line.