august pivots 2, page-105

Chart remains at decision point:

Daily: sitting between 10dma ($1.84) and 50dma ($1.90). Last candle close above 50dma was early March. Top of recent downtrending channel at mid $1.90's.

Weekly: Backtesting the break below the longer-term channel and H&S neckline.

Break back above $1.90s and through mid $1.95s may provide a bullish set-up IMO, subject to how XJO (DOW testing recent highs; break above and it may be on for test of all time high into 14k?) and XMJ play out (XMJ - looking for break back above the H&S neckline). Rise has been on low volume so maybe its setting up a double top or simply waiting for risk adverse money to pile back in to give a big push. Very interesting month ahead.