If it closes here the market made a new higher high and
reversed to print a lower low than the previous day. That would be
interesting if it occurs.
As a note, I quick called the end of the 1929-1987 SC
analog. Everything Carolan did was based on end of day price without
regard to lower or higher intraday prices. He ignored some intraday highs
and lows that did not mark the corresponding end of day print. That’s
consistent with the classic TA masters Dow, Edwards and Magee and others who
believed the real players don’t take meaningful positions until the last
hour of the day.
Jim