Category: Mid Day Charts
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After a bit of a correction during the overnight session, the market found support and has been trending higher. The current channel has a break with a new high in place, but...
For some reason the commentary disappeared on this post as I posted it this morning? I am looking into this along with the volume issue as well. Anyway, it’s been all up...
Things look range like so far this morning. We could see another sell off with a second leg down, but at this point and in this market, you can’t rule out prices...
We need a bit more price action to confirm the brown channel, but it looks to be in play with what we have printed to the chart so far this morning. I...
The overall bias has been down for most of the over night session, but it is changing to neutral and might be setting up to rally again. For now the bias is...
Today has the look and the feel of a range type day. This market has been strong lately though, so we could see another leg up similar to the one that occurred...
The trend is up again this morning, and the price action is very similar to what we saw yesterday, except prices have not started correcting really. Prices could continue to push upward,...
The trend is continuing so far this morning with prices now testing the 2700.00 price level. Everything is pointing up for the moment and the bias is up as well, although the...
Happy new year to everyone and welcome to trading in 2018. It is hard to believe we are already starting a new year. The market is off to a good start as...
I see a two tiered upward channel, although it’s not a very strong trend. In the end, this could be a range setting up, or it may just be some consolidation after...