Inflection Point?

Walmart doesn’t have far to go in either direction, to define the next move.

Before getting started, let’s go back to comments made about WMT from September 4th, on this post:

“WMT, just might continue to grind higher to post above the 103-area to take out stops … maybe.“

Of course, it was a ‘maybe’; we’re dealing with probabilities.

With that said, the ‘maybe’ happened.

Walmart WMT, Daily

At the far left of the chart is WMT’s all-time high.

Next, we have a lower high on August 8th.; now, we’re in ‘up-thrust’ position.

Data coming in, here and here, indicates the market(s) may be at an inflection point, minor, or potentially, major.

The second link is especially well-done; it methodically steps through the mechanics of a potential high.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279