The Stock indices exploded off of lower KRAs and are now testing important intermediate term highs. Please note the sharp move higher from the lower level KRAs is VALIDATION of this powerful methodology! We could know with as high a probability as anything in trading allows that the indices were going to move sharply, and we new when. This knowledge can lead to a POWERFUL trade plan with a very positive expectancy.
Now the indices are at another important KRA and our price / breadth work suggests at least a short term top should be in place. The most likely scenario for the next several trading days is for a Balance Area to form. This may include marginal new highs (above this week’s highs to date) by one or more of the indices, but probably not all of them.
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