This growth rally is beautiful thus far. Out the gate strong but rising steadily throughout the day. Continue this into the close and carry the momentum into next week. We might be back people.
$OKTA very close to the 50 moving below the 200. Either get a bounce off and a possible indicator we are near the bottom, or break below and get a bearish signal
IMO- Rubber is gonna meet the road real soon (couple days/week or so) for the growth trade and the market overall. We are approaching an area where we either need get a bounce and break out of the downtrend or we break passed support and decline even lower.
Final note, the rally im looking for is a substantial move to the upside in growth moving into the close of the trading day carrying into the following day. Recent rally’s in growth have been short lived and unable to gain any momentum. There is other in depth data I use but too