Sunday, 3 May 2015

ASX 200 range bound or showing dual bullish false trend line breaks?

ASX 200 daily chart includes after hours trade, and begs the question, is the market simply still range bound, or did trade late last week show decisive dual bullish false trend line breaks, implying another attempt to beat 6000? Nobody knows. Crucial day and week coming up.


S&P 500 rallies back to triangle trend line resistance

On Friday the S&P 500 all sessions rallied back to triangle trend line resistance. As I tweeted yesterday, the cash market rallied on decreased volume, not usually considered a bullish sign. But as I have learned, these QE driven times are not usual. Let's see what happens. Crucial day and week coming up.