The market is quite neutral now. We are still in primary uptrend (thus, out positions should be long only) and daily downtrend. The volume is decreasing, but oscillators are showing positive divergences.
We might also note previously mentioned pennant pattern, however it is still unconfirmed, as market could not break its last high (ca.41500).
Nevertheless, the pattern/divergences analysis is quite subjective and we should only act on price actions.
Sources:
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:flag_pennant_continu]
Posts
No comments:
Post a Comment