Prices are mostly mixed and sideways this morning, although there is a mild downward bias at the moment. This day could go in either direction, but for now, I would treat it as a mixed day unless the downward bias picks up more momentum, or something else changes. Just follow the rules and keep your […]
Prices are trending lower this morning, which is not unexpected. I would expect prices to at least pull back and test the mid-line of the large channel on the daily chart. We could see prices push deeper than that, but that would be my guess at the first target to the downside. There is possibly
Prices opened higher this morning leaving a gap on the chart. So far, prices have mostly only moved sideways with mixed price action. Prices may attempt to fill the gap before trying to go higher, so for now, that has left prices rangebound. Should prices move lower, the target to fill the gap is down
While prices appear to be rangebound for now, there is still an overall upward bias this morning. While you should stay with the trend on your entries, you should also be choosy because getting long into the highs can come back to bite you if you are not careful. Expect mixed trading at times, particularly
While prices are mostly sideways at the moment, the bias is still up overall. Just trade this as a range with a bias to the long side for now. There was a large gap up during the overnight session, and if prices were to try and fill that gap, that target is down at 6825.25.
Prices are rallying to new highs again this morning on the CPI news. It appears inflation is slowing more than expected, which will give more leverage for the Federal Reserve to lower interest rates further. All good signs for the market to push higher yet still. For now, the trend and bias are up, although
Prices are mildly up to mixed so far this morning. It appears that prices want to work higher, but that does not mean we cannot see a reversal at some point or encounter additional mixed trading. Mixed trading at times is likely no matter how the day plays out in the end. Look for prices
Prices are trending lower so far this morning. I see a two-tiered channel working downward, so stay with that trend until the chart shows us otherwise. I would expect some mixed trading today no matter how the day plays out overall. Use your safety stops as taught and follow the rules with discipline at all
Prices are range bound so far this morning. There is strong support around the 6772.00 – 6774.00 price range, so watch that area to see how prices react as they test those price levels. If that price level holds, we could see prices move higher again. There is a gap on the chart as well,
Prices are rallying this morning, although I do see a break of the upward trendline. There could be a flatter upsloping channel setting up, but as of now, I do not see one that looks legitimate, so just note that we could see a different pattern or even a reversal after a new high is