I was watching this yesterday Ed and the candle that was printing reminded me of those nasty late November candles so I needed to see what today was going to bring. Good to see it reverse yesterdays loses and I wonder how many folk got caught out with the scenario?
Anyway todays PA has just bought it back to where it was 2 sessions ago so IMO we now need to see how tomorrow plays as you can see by the V in the 8ema, lower bollie band and even MACD that it is anything but streamlined. Especially when it closes on the median.
I dunno Ed, it's not a sell and it's not a buy. Think it's the markets way of saying, " I'll let you know what I'm doing when I'm good and ready!"
Yeah a gap was filled yesterday but I find it a pretty insignificant event looking at the action.
4.5% now Ed. That's what's fast becoming significant. IMO.
Cheers
(20min delay)