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Weekly – In the three week rally/ Trade pressures are up. Volumes are bullish.
Daily – Flat. At the 100% target of 2.83. Trade pressures are up but declining. Volumes are bullish.
The next target up is 2.96.
At the weekly resistance. Look for a small pullback here.
A close below 2.78 would signal lower.
Weekly – Remains in the uptrend. Trade pressures are up. Volumes are Bearish, declining.
Daily – Flat. In the downtrend. Trade pressures are up volumes are in the neutral zone and rising.
In the move down from the 1471 short entry. The first short attempt was stopped out at the 1485 upper median line.
The first target down is 1451.
The weekly pressures are up. A close above 1485 would signal higher.
[12-24-19: in the new move up off the 1485 breakout, but the trade pressures are extended; wait for the next bullish reversal after a pullback.]
Weekly – Closed above the prior week high. Trade pressures are up. Volumes are neutral.
Daily – Long. In the move up from the 16.92 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 17.43.
A close below 16.88 would signal lower.
!6.88 is the stop.
[12-24-19: raise the stop to the prior day’s low of 17.41.]
[12-26-19: raise stop to 17.91.]
[12-27-19: Stopped out overnight at the 17.91 level.]