wheres prophet, page-4

gday P, hope you enjoyed your w/e, sure it was deserved.

Looking around the markets, wall st (IG) looks to have a downward sloping wedge, bullish, in place but I suspect it will need to do another turn down before breaking out to the upside. At the top now, the down leg should take it to 12350 roundabouts. To see the wedge, do a high low line from 12 March to 28 march, through. Similar piccy on nikkei, but nikkei hit the low of the wedge yesterday and rebounded a bit so expecting a rally on nikkei today. Oil in a pennant on hourly, at trend line, but might see a breakdown on easing of uk/iran issue it seems. Copper looks solid and still trending higher after the selloff in asia yesterday.

So overall, I'm expecting a bullish day today and some weakness tomorrow (last day before Easter break etc). If oil breaks down today/tonight then the dow could breakout up tonight and other markets would follow.

The china/us trade issue seems a bit of a storm in a teacup so far, confirmed by the price of copper imho. Copper holding its price also seems to indicate the low ism data was priced in already, and of course ism suggests no more rate hikes.

The inside day on dow also suggests a biggish day tomorrow (tonight), and it will probably be down imho.

cheers!