IMUGENE CHART. TA only, page-31854

Nice breakdown there of the lay of the land, you’ve been all over this since posting that the daily wasn’t looking good over 6 weeks ago.

Theres certainly more indicators weighing the SP down than there are pushing it up. The key for me as mentioned was yesterday’s dojo candle. That was kind of a weak response from Monday’s candle , especially to finish the day flat. Therefore today’s lower high lower low doesn’t present that well.
Added to that, the intraday sideways dance is just annoying .
I know I’m talking it down but I’m not trying too but what I said in my previous post was important. After such a big jump from a strong sell off, I think it needs a bit of time to settle, let some indicators catch up and then let’s see.
Personally, I’m just waiting for the smaller time frames to set up again where we can identify a trend towards the next move ( either way). The sideways stuff gives us nothing.

@h00ts can you help a couple of battlers here.

Cheers.

PS how many punters here have orders in the buy queue? It’s not a safe tactic guys .