median line indicating upward market trend. Price action has continued to strike the upper median line based on the anchor low from 2009. Price action has stayed within the leading indicator range with an unusual point of ignition year end 2018. It appears significant professional buyers came in at the buy point. Which means they are using the same indicator. until the sellers that remain on the top are absorbed, price action will fall as there is minimal price support to the down side until the previous point of ignition would be reached. I would speculate that those buyers would not return except as a buy to cover from short selling.
Comment:
General market is showing strength as price action is attempting to move into upward seller territory.
Comment:
Market still hitting up against sellers as it tracks along the upper median line.
