ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]
Clear sideways movement can be seen highlighted by two bright green s/r zones. Market is falling from upper s/r zone, potential for a move to the lower. Green s/r zones below the market offer technical considerations if broken – mindful of other s/r trend lines that can be seen (channel) and expect market reactions. […]
