Morning all. Some good informative posts this morning.
IIQ. Just for interest sake. These bio-meds anncmnts are a dime a dozen. Sometimes the market (smarties) run with them, other times they just ignore them. Chart is set up to open @53c which is the exact top of the channel (?) and room ahead to go to 60c. Possible to get next stop 80c if they really push it.
The idea is to use this chart info to assess how the SP is going relative to the TA and volume. It's not a guarantee that this what will happen. However, in my experience there's a good chance that it will follow this pattern.
