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Note that the Breakout Indicator is Now Reaching Into Overbought Territory
It's courtesy day again where we will share one of our subscriber charts that we have been posting in the past few weeks.
This particular chart was posted last Friday, and is a bar chart with a proprietary Ribbon Chart and Breakout Direction Indicator.
This particular model is in our final research phase, but for now, we can say that the use of this Ribbon Chart along with the Breakout Indicator helps eliminate the "noise level" that can be confusing to investors when the daily bars are highly volatile at junction changes.
Like last week, I am not going to explain this chart today, because even if you are not a technician, you either "get it or you don't", it is that simple to understand. FYI ... do note that the Breakout Indicator is now reaching into overbought territory.
So, take a look at today's chart, enjoy it, and have a great weekend.