a.) Prices move higher on a strong bar
b.) Prices inch higher, buy print small, bearish bars
c.) Prices again move higher strongly
d.) Prices consolidate
e.) Prices again move higher on a strong bar
However, notice there is a consistent uptrend and the bars are all moving to a place.
With the SPYs, we have three boxes of price movements, but there is little strong direction.
This is why the smaller cap issues have been leading the market.
