A nice little tag of the 8ema and a close of one of the gaps on Friday was hopefully an indication of some sideways action. For those that follow BB's, they would know that after an expansion the SP's generally don't see highs until that lower bollie resets.
A close below the 8ema brings the bollie median into play but lets follow that if it happens.
Love to simply see it dance sideways in preparation for for another leg up but can't tell at the moment.
Oops wrong chart.
Now here's where the fun begins. The all important weekly and currently a chartist's / traders nightmare as last week printed a dojo candle closing smack on the bollie median indicating indecision on which direction momentum is heading.
Now if MACD was anything to go by I would be predicting the higher highs are incoming. Lets see early this week.
Cheers.
A nice little tag of the 8ema and a close of one of the gaps on...
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