The Internaitonal index continued the breakout upward today and fired a daily buy signal by closing above the 50 day moving average. Remember, this is not a monthly move. This signal gives us a heads up that the index might be turning from a sell to a buy soon. Tomorrow if price stays above $57.41, then it’s officially a buy. I will then drop the consolidation box and green CBL and replace it with a red sell CBL One more note on this chart, the DMI crossed over to positive upside.
As of right now, the weekly and monthly charts are still a sell.
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