here's a 4 hourly...Bulls have done nothing wrong......yet..1....

here's a 4 hourly...Bulls have done nothing wrong......yet..

1. bounced off trendline
2. held last weeks low 879
3. still above 20dma 881 (and ma is still rising)
4. higher daily close (no higher high but)

907.8 CMC looks like a convergence of

1. backtest of trendline from 666
2. resistance
3. 4 hourly top bol will be there in a few hours
4. roughly 50% retrace (930-882=48/2=906

XJO is between a rock and a hard place.....because it got carried away breaking Jan highs...hasn't got a lot of room to move up atm....back above last weeks low which was fairly negative considering S&P held theirs...but still less than 2% below Jan high whereas S&P is about 5% below their Jan Highs