Click the chart at left to enlarge.I think the market needs to test support and a 38% fibo at 1080 - 1081 before going higher. The fast schochastic line is pulling down yet above 80 which is inconclusive. More importantly the fast MACD line is moving south from a lower high.
The weekly candle (weekly chart not shown) is a potential bearish reversal candle.
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nice
ReplyDeleteRodney ----- Sunday 11/22 7:00 PM live show rocked --- great overview of the market for Monday morning. If you aren't a member - you should join - it's free! Thanks!!!
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