Today could end up as a range day, or we could even see more selling. Regardless of how the day plays out, for now, the trend and bias are up mildly. I see a spike and channel up that started after a failed break below the overnight lows. Stay with the uptrend until the price […]
Prices are trending lower again today, but I do now see a break of the trendline, so with a new low in place we could see a bounce at a minimum, or even a reversal. We will have to see how things play out, but no matter how things play out, the trend and bias
Prices look similar to yesterday so far, but there is a mild bullish slant to the market for the moment, so we will have to wait to see if prices are going to break out higher this morning maybe. Prices are at the highs of the day’s range, so that could also mean that prices
While prices are mildly up as I am typing this up, prices still appear to be in a range for now. Respect the range highs and lows until the price action shows they are no longer holding prices. We could see this turn out as a range day, but prices could also still trend in
Prices are mixed to mildly down so far this morning. I see an overshoot on the two-tiered down channel, but prices still look to be attempting a retest of the lows. An overshoot will sometimes lead to a reversal without a retest, but not always, so keep that in mind. For now, the trend and
Prices sold off strongly on unemployment claims and PPI reports prior to the 8:30 AM CST regular session opening, thus leaving a large overhead gap on the chart. Prices quickly reversed and erased the emotional news move, just as usually happens after a large news move. That correction to take back the news dip also
After pushing to all time highs yesterday and again today, the market is now reaching overbought territory again, and some consolidation or another correction is not out of the question. Prices are mixed as I am typing this up, but there is still a mildly bullish slant to the chart, although that could be changing
Prices are working in a range at the moment, but there is a mild upward bias as well, so keep that in mind. That bias could swing back and forth if this remains a range day, but we could see prices break out and trade higher or lower before the day is over, so follow
Prices are mixed this morning. There is a mild downward bias, but treat this as a range as long as the overnight lows continue to hold as support. There is a gap on the chart, and if prices attempt to fill that gap, that target is up at 6425.25. For now, this feels like a
The trend and bias are both up this morning. There is a small gap on the chart, but prices have rallied consistently since the 8:30 AM CST opening, so that gap may be of little consequence today. For now, the trend and bias are both up, so stay with that until the price action shows