Thanks Jako Yearly Highs and Lows Still dropping which is a...

Thanks Jako

Yearly Highs and Lows
Still dropping which is a worry on todays rising index. Still above zero which is good, but looking a tad less convincing.

Candles
Today was a hammer line - a clear reversal signal. The worry here is the definintion of the trend before the hammer.Is that single red candle a down trend? Or will it function as one? Not convinced.

RSI
Still dropping off a bullish divergence high.



I'm undecided. I suppose it depends on whether you beleive the hammer is a stronger signal than the hi lo summation and the RSI divergence. Oh well, hammers require confirmation, so I'll wait.

Be watchful folks.