Inventory number breaks downtrend since Sunday
We have had a steady and well defined downtrend since the bullish news on Sunday
Today's inventory number was lower than expected creating a spike above the downtrend
Depending on how this spike holds above the downtrend line, we may have continued moves to the upside
Today's inventory number was lower than expected creating a spike above the downtrend
Depending on how this spike holds above the downtrend line, we may have continued moves to the upside