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o 88% of socks are above their 4 week MA but watch for a bearish cross below 70% – ST BULLISH.
| o New 1st time frame up trend. o The market closed with the Bulls keen, in control and committed. o Range expansion shows that the bulls are eager. o There was upside price rejection from the strong support around the Previous resistance area, marked in brown. Watch the previous swing high as resistance. o Triple MAs remain NEUTRAL. o MACD histogram has changed to ST BULLISH. o ST volatility has achieved a cyclical peak and has crossed below the o Volume came off last week – oerhaps the bulls lack some commitment |
