RE:Good close confirming support at this level.birch1 wrote:
As always on the major runs up over the last year, the sp has pulled back only slightly if you look at the last 2. Might see sidways trade tomorrow given its Friday and gold was down today, but we probably see more gains next week. Good luck to all.
You're right.
As I said in another post, he could stay in a gap between 0.25-0.30 for a while. The technique says it will start from the top thereafter. Let's be patient ...
The RSI has not crossed the 50 highly. So we see a decrease in strength among buyers. We'll see tomorrow if the buyers still have the power or whether to dump a few sellers ...
https://i58.tinypic.com/5l8leb.gif