A good post suggesting the market is beginning to improve.
XJO up again today +0.81%. Very nice.
The Index is again back at a very strong resistance level. If it can overcome that – ahead is the 100-Day MA.
Indicators are positive but not overbought.
If both those levels can be overcome, then we’ll have a clear H/n/S formation completed.
At this stage, I can’t see any reason why the formation shouldn’t be completed. (Famous last words?)
For that to happen – we need to see the Miners starting a bull run. That means a fall in the mighty U.S.$ so that commodity prices can rise. hmmm? Let’s wait and see how the chart plays out.
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