Weekly MOTR Report (WMR): “A ‘Good’ Overbought Condition?”

Highlights

  • The tactical plan of buying/covering into oversold support worked out ahead of the "surprise" cease fire. However, selling/shorting the subsequent overbought condition did not bear fruit...that might be telling.
  • Near‑term upside is likely constrained by the Weekly Resistance Zone and overbought breadth, though holding above ~6750 could allow volatility to fall further and a 'cup with handle' base to form. 
  • Internal market health improved as all MOTR Groups showed accumulation, weekly base breakouts. . .

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