Today is a complex mess of contradictory indicators:
Ranges:
AKE
ST Trend - 1314 - 1373
LT Trend - 1332 - 1428
US Trend - 1283 - 1344 (Note this keeps US stocks in current upward or flat trends, but would break AKE from the up trends)
PLS
ST Trend 286 - 299
LT Trend 284 - 316
US Trend - 276 - 290 (Same note as above)
Also lower (net favourable) buy/sell order queues suggest upward movement today, but very low high price weighting on buy side suggest drop (orders skewed to the lower prices).
The ST trends are internal 3day trends within the LT trends channels. US Trends is overnight movement against closing prices Oz/US and if followed in Oz will change the Oz channels. Normally the US trend dominates but is bound by the ST Trend at the xtremes about 60% of the time. Normally at least two trends are in agreement to within a cent or two, but not today. Going to be very very tricky. On the face of it the sense is down today, BUT the sell queues are unusually weak on both PLS and AKE. Caution is the word I think.
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