We edged even higher today and the FTSE was a few pts from hitting the 200SMA on the weekly chart. The 1st scenario on the FTSE i posted yesterday played out with a Wave 4 flat of 5. 5576 i have as the top of the Ending diagonal trend line.
Dax was pretty weak but got stronger towards the end, but still lagging. The ending diagonal pattern doesnt seem so clear on the DAX though. There are some candle signals though that suggest a turn down could be imminent.
S&P edged higher to new highs. 1145 is the high of the ending diagonal so its very close if this pattern is to work.
No comments:
Post a Comment