Prices continue to rally today. I see two separate channels working upwards so far. I still think the market will retest the former highs with a new high at a minimum. Things...
Happy New Year everyone! I hope everyone had a wonderful holiday season and I look forward to getting back to our regular schedule now. Note that I will be doing my normal...
We are getting some follow through buying so far this morning. The question is can we sustain the buying today or will prices back off and trend lower before the day is
Maybe yesterday was a capitulation day, as prices are rallying strongly this morning. As we have seen lately, things can change on a dime, so do not get lulled to sleep and
Prices opened higher at the 8:30 AM CST regular session opening but quickly turned lower in an attempt to fill the lower gap on the chart. Prices have filled that gap, and
Prices continue to trend lower this morning, although they are finding at least momentary support at the overnight lows. We will need to wait and see if those lows create a low
Prices have been trending lower since just after the regular session opening at 8:30 AM CST. There was a lower gap on the chart, but prices have filled that gap now and
Prices are trending lower and have taken back most of the rally from Thursday. Note that there is a large overhead gap on the chart. Prices may attempt to fill that gap
Prices are still trading inside the overnight highs and lows, so this could end up as another range day in the end, although it will be a rather large range. Prices are
Prices are mostly sideways this morning and are likely to stay range bound until after the rate announcement at 1 PM CST today. Be sure you are flat before 1 PM CST