- SPX 15 Minutes continue to diverge negatively without any result for bears.
- Cloud of 15 minutes chart shows the smooth up move.
- Cloud break of this time frame may keep the bears interested. Staying above the cloud will help bulls to push the price higher.
- Crude Oil moving towards its resistance line
- Having taken out the dotted resistance line price is expected to hit the main trend line before the next fall. Bearish candles at the trend line may hint of a correction.
- Breakout can give more high's for crude oil for possible targets of 102 and 104 levels
- QQQ Triangle pattern in daily chart which can give good direction.
- Closing above 50 Day SMA may give good direction for bulls.
- For bears a short trade is possible below 54.17
- ES Hour trend remains up and Bulls are safe above 50 Hour SMA and the Hourly ichimoku cloud.
- Hour chart shows a possible bearish reversal pattern a rising wedge.
- But there are cases of rising wedge breaking the resistance line and acted as continuation breakouts.
- SPY MOVING UP WITH DECREASING VOLUME
- Description in chart click to enlarge.
