Consolidation looks like its nearing the end, small caps are poised to outperform on the rising rates story and an "improving" economy. Seeing higher moves up on less effort, Point and Figure methodology points to a significant break out.
Comment:
Great place to add on the backing up action. Bounced quite nicely off the top of the consilidation range. Somewhat confirms a move up here.
Trade closed: stop reached:
Turned out to be a distribution - was wrong here