This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
This weird print muddles things for me. I am flat at 119.16 and will wait to see how we handle today's early morning low.http://scharts.co/1KkO4NMFWIW.
Today's low would need to fall for the bearish continuation play. It very well may, but I am scalping long and flat (per earlier post). Being careful here with Feb. 5 being a potential cycle low week.Chart:http://i1383.photobucket.com/albums/ah317/souljester618/CR_001_zpsqahetbht.png
yes I have that cycle too,also Feb 15
strong close on Dax
We have that Williams touch on the weekly now so this could be the real deal on this low. Break above the 2035 resistance and it is likely on. 1990 would need to break for the bears to start playing again.That is my IMHO for today.