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Prices are rallying back into overbought territory again this morning after turning up right off of the blue trend line on the daily chart. It appears that the blue trend line on
The trend and bias are down today. The CPI news was released today, and it shows cooling inflation. Not that I believe any of their reports, as they are all rigged. However,
This has the look of a spike and channel up, and as of now, the upward trend line is holding. We are still likely to see more mixed trading today, but for
Prices are range bound for now, although that could change as the day progresses. The overall bias long term is up, but the path of least resistance for now is down due
Things are a bit slow this morning with low volume. This is most likely due to a holiday hangover and things will probably pick up as the day progresses. Prices rallied during
Prices have been moving higher since around 7 AM CST this morning. There is strong resistance around 5535.00 to 5538.00, so prices will need to successfully push above those levels if they
Prices have been mostly rangebound overnight and into the regular session opening but turned down after the 9 AM CST PMI news. That news appears to have pushed the market lower and
The rally continues so far today. After three consecutive higher closes, the most likely scenario was more upward action today, and we are getting that in droves thus far. Don’t get lulled
Prices are still pushing higher off of the trendline on the daily chart, so it looks as if the uptrend is not done just yet. Prices rallied very strongly early on this