Category: Mid Day Charts
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This started off as a range type day, but prices have just pushed lower below the overnight lows as I am typing up this report. If the breakout does not fail and...
After rallying for a few days, the sellers came back in with a vengeance this morning on higher-than-expected inflation news. No matter how good the rallies look, the selloff is usually stronger...
The trend is up and strongly so this morning. It appears that prices are going to at least test the breakout area on the daily chart, and that target is up around...
Prices are trading higher again this morning, but again, with a lot of sideways action. Prices have traded up into the 21 EMA and the down sloping trendline on the daily chart,...
Thus far this looks to be a possible up day or maybe even range day. Prices are trending weakly higher, so we could continue to see this rally go a bit higher...
Today looks to be a range day so far. There are two legs up, but the second leg came up very short of a measured move, so if prices do not rally...
The selloff continues this morning, although prices seem to have found at least a temporary bottom. Prices are a bit oversold, so a correction would not be out of the question now....
As somewhat expected, prices have bounce and are trading higher today. Prices are still trading within in the overnight highs and lows and most of the upward movement came during the overnight...
Prices are still inching lower this morning, with a lot of sideways action mixed in as well. Prices tend to drop strongly, then just work sideways for a bit, so be careful...
So far today has turned out about how I expected, with prices being mostly sideways with some consolidation. That could change at any time, but for now I would describe today as...