To confirm our analysis we are looking for a consistent dominance of demand over supply. Volumes are low in general but up moves are supported by higher volumes (21 day average volumes) and pullback even lower volumes. Price spreads are widening with the up move evident in TDI above 50%. The reactions at LPS are on smaller spreads and diminished volumes. Price is at the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. So look for a reaction at the 21 Day OF and 50sma to go long this week while waiting for Phase E to kick in.
