Chart courtesy of StockCharts.com.
Between July 19, 2021 and January 24, 2022 Market Makers created a small scale version of the broadening formation developed between April 2, 2018 and March 23, 2020. Based Market Maker’s accumulation of very large blocks between January 24, 2022 and January 28, 2022 the current 2021-2022 broadening formation structure indicates a move toward the 38,000 range is in progress.