The Dilernia Model forecasts Trends. The Dilernia Model also defines Support and resistance levels, in this cae the channel highs are resistance levels.
Short-term:- The Daily timeframe is still in a 3-day BUY cycle, the cycle will change with a close below the 3-day lows, however the market is trading above the Weekly 50% level the trend is still UP.
The Weekly 50% level is the guide for any weakness in the markets. Whilst markets are trading around these highs I would expect more rotation and consolidation than any new trends upward developing.
