Thursday, 26 September 2013

ASX 200 daily chart - channeling up

I had been tracking a potential bearish wedge on the ASX 200 (most recently here) but the market had other ideas and has continued higher. Crucially with that wedge, the bottom trend line was never broken.

S&P 500 daily chart - still hasn't filled the September 14/15 gap

Bearish wedge? Maybe, potentially, but clearly the trend remains up.

USD/JPY daily chart - rallying from parallel trend line