Category: Mid Day Charts
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Today is an FOMC announcement day, so we could see some fireworks today. Just be aware of that announcement and try and be flat going into it, just in case. So far...
The trend and bias are up this morning, but the price action still has some range type action going on. There appears to be a two tiered channel working higher, but you...
Prices trended down the entire overnight session only to find support and bounce just after the regular session opening. At this point this may only be a correction in a larger down...
The trend has been up since open of the overnight session. There was a steeper and larger two tiered channel working higher early on, but things have flattened out since that time....
So far today the price action looks to be range bound with resistance around 2645.00 and support down around 2632.00. That could change at any time, but for now, respect those prices...
Prices trended up most of the overnight session and early in the regular session opening, but have been trending downward for the last 45 minutes or so. Watch for possible support levels...
Prices have been trending down since the over night session opening and into the regular session opening, although they found some support around 2642.00 now. I see a break of the down...
The rally from yesterday continued into the over night , but started selling off just after the regular session opening. That correction lead to a break of the trend line and prices...
So far today looks very similar to yesterday’s price action. Never let that lull you to sleep though, because at some point things usually change and quickly. However, it is not unusual...
We have another two tiered channel working higher this morning, with prices attempting to close outside of the trend line as I am typing this up. Normally you would want to see...