正文
Note:
1. The bullish scenario outlined this weekend played out today albeit delayed 1 day by some political noise. As I mentioned in the weekly comments the market internals was setup for a move to the upside technically. As long as "news" and "events" are not shocking enough and totally surprised the market participants and changed their sentiments, market will go where it intended. Today is a perfect example. However today is a tough day for DTers since most of the move had already been played out ON but long term longs should do just fine.
2. Daily chart printed a green candle with wide body plus a SYNC bar and the strength is obvious. A brand new all time high and the close is well above the trading bands. Indicators are all good for bulls and the chart speaks itself.
3. The 3-hour chart is also very healthy and the young ox has just added a few pounds of muscle
4. R/S levels: 73, 68.5 -71.5 (not well defined yet), 65-66, 62-3, 59.5, 55-6, & 51.5
Daily
3-Hour
1. The bullish scenario outlined this weekend played out today albeit delayed 1 day by some political noise. As I mentioned in the weekly comments the market internals was setup for a move to the upside technically. As long as "news" and "events" are not shocking enough and totally surprised the market participants and changed their sentiments, market will go where it intended. Today is a perfect example. However today is a tough day for DTers since most of the move had already been played out ON but long term longs should do just fine.
2. Daily chart printed a green candle with wide body plus a SYNC bar and the strength is obvious. A brand new all time high and the close is well above the trading bands. Indicators are all good for bulls and the chart speaks itself.
3. The 3-hour chart is also very healthy and the young ox has just added a few pounds of muscle
4. R/S levels: 73, 68.5 -71.5 (not well defined yet), 65-66, 62-3, 59.5, 55-6, & 51.5
Daily
3-Hour
Good comments and good chart.