Category: Mid Day Charts
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The bias is down at the moment, but there is a range type feel overall too. Notice how prices will move sideways, and then take a step down and move sideways again....
The overall trend and bias have been up this morning, although prices have been trending downward for the past hour or so. There is a large gap on the daily chart, so...
Another sideways range today that appears to be tightening as it progresses. The support level around 2892.00 as been consistent, but the high side of the range is difficult to judge, which...
Prices are mostly sideways today, which is not unexpected with an FOMC announcement coming at 1 PM CST today. I would be flat going into that announcement, as these do tend to...
Today looks much like yesterday at this point. Prices traded lower early only to bounce in an attempt to fill the gap that is now left on the daily chart. We could...
Prices opened down this morning due to the two legs down during the overnight session. There is an upward gap on the daily chart, so the current bounce could be an attempt...
The trend is up this morning, although I do see a break of the trend line and a new high in place. Many times you will see the trend flatten a bit...
It looks like more of the same today. Prices are moving though, so the trading will not be that bad as long as the movement continues, even if it does end up...
Today looks to be similar to the last few days so far, although the range of prices is a bit larger today, so that helps if it continues to be a larger...
Another flat morning with prices in a range. The range and movement are a little larger today, but as with yesterday, be careful entering in tight congestion as you risk getting whipsawed...