The bulls are in control of the market on the week, as it opened above the Weekly Persistence zone. The bears attempted to take control today as they pushed the market below the bottom of the Weekly PZ, but they were unable to hold the time filter and the bulls remained in control of the market on the week.
The information that came out of Greece rallied the market into the close and is most likely spurred the buying which blocked the bears from taking control of the market during the Week.
Look to buy retrace on short to medium term time frames bulls have taken control of the market on the quarter look for them to attempt to make a bullish breakout on the year. Also look to buy retrace on long-term charts this will take awhile to develop since first the current uptrend still needs to be broken.
Picture of Weekly Profile
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The information that came out of Greece rallied the market into the close and is most likely spurred the buying which blocked the bears from taking control of the market during the Week.
Look to buy retrace on short to medium term time frames bulls have taken control of the market on the quarter look for them to attempt to make a bullish breakout on the year. Also look to buy retrace on long-term charts this will take awhile to develop since first the current uptrend still needs to be broken.
Picture of Weekly Profile
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