A setup for the New Year. $AS did one last wash out today at the 20DMA. But, we’ll see. The retailers have been steady the past few weeks. After Christmas, lets see some numbers kick in full gear. Also note, a few weeks ago, they opened Salomon on Melrose. The weekly does show about 5 Dist/ 1 Acc….but 3 week tight last week and previous 2.
Looks like Nas will be testing the 50DMA soon. We’ll see how it holds up for the New Year next week.