XJO 0.76% 7,921.3 s&p/asx 200

Again the sellers tried to break it, but failed, and the rally...

  1. 4,155 Posts.
    Again the sellers tried to break it, but failed, and the rally from the early morning low was strong. This 2 hr chart of the NDX futures now has that large engulfing candle out of the low which tells a thousand words. Price didn't get up to the prior high at '10' so there is a series of lower highs now (4 stand out). After the third one there is potential for a sell off but the try for that outcome seems to have failed. The buyer are still there, waiting for a chance to pile in.

 
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