Reply To: Technical Index Trading & Analysis

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#2908
RS2OOO
Keymaster

U.S Indices are in a range. My bias has been on the upside over the last few days but its too difficult to say if a low is in place. Every day has been a reversal of the previous day in the cash market and whilst a break of Friday’s high is what I wanted to confirm a move higher, yesterday was an outside bar over Monday’s bar with a marginally higher close, yet failed to close above Friday’s high so we’re still in no-mans-land.

Also been watching Gold for a couple of Months. Monthly chart (which I’ll post later) looks nice from a bottoming point of view, but Daily chart looks like more work needs doing to carve out a bottom.