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- 1st time frame up trend intact. The Market closed with the bulls moderately keen, having modest control and showing some level of commitment.
- Inside day denotes indecision - serves as a Warning for the current up swing.
- The market has had some difficulty taking out the Resistance area, marked in orange on the chart. This is quite a strong level - it has previously acted as resistance, then Support and now resistance again. Watch the support area, marked in brown, if the market comes off again.
- Triple MAs are NEUTRAL.
- MACD histogram is ST bullish.
- ST volatility is approaching a support level, marked in yellow. If the support holds we could see consolidation or the market come off slightly.
- Volume has come off as price action was in an up swing - volume divergence - something of a warning signal.
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