These are interesting times indeed! Of course we closed below TDST support on the daily chart (at 1165.77; see Wednesday’s post). Where did we find support in yesterday’s ‘crash’? Take a look at the weekly chart. Right at the TDST support cluster of 1070-1075. Certainly the weekly will generate a ‘sell’ on the close - see yesterday’s post.Now that we have closed below TDST on the daily chart we can go short IF the break can be confirmed. I doubt it -- as we would have to go below yesterday’s low. That is the trigger point.
Interesting TD counts now on GLD (Gold Index). More on that early next week.
No comments:
Post a Comment