I was hoping I would get a decent bounce in the last couple of weeks to get a nice short entry, when I look at the monthly chart I can't help but think that we will finish this month right on the uptrend support line so we are either looking at further weakness this month or $usd strength( I think we have seen an intermediate $usd bottom). If you look at the candles in the throwover area late last year you can see the magnetic influence of the line that marks the top of the wedge regarding monthly opens and closes, this phenomenom is the main reason I am favoring a monthly close on the support line.
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- something to think about for monday
something to think about for monday, page-25
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