Perhaps this is one of the confirmation signals that we have been waiting for. For the last 1 month, the market has rallied. Despite the challenges in Eurozone, it continues to edge up further. The Â saving grace is the movement has become smaller. $TLT has rallied back in August last year and consolidated at the… Continue reading $TLT . Showing bearish signs.
EUR/USD pair has been consolidating on the Ichimoku Daily Chart. Mostly, thanks to the Swiss intervention of propping up the Euros. I am not too sure how long this can last. For now, we have Â a support at 1.1923 which can be broken easily. Just about any bad news from Europe can send it down… Continue reading EUR/USD Consolidating
RUT (along with many other counters) gap down on opening today. It has since tried to fill the gap within the first half an hour. Currently, it is just trading and hanging near to the support level 702.18 as indicated by the Chikou Span. I doubt it will hold, unless Euro zone comes out with… Continue reading Russell 2000 (RUT) : Fill the gap. Support level