A well defined downtrend channel (green lines) broke up and back-tested early this week.
New channel, red lines appears to be forming, bit early to tell though.
Today's action (if you can call it that) saw SP close just on the right side of the white resistance line, although nothing confirmed yet.
Of interest, see bottom indicator (Andean Oscillator), green has crossed up of yellow line, which is bullish. It's been a loong time since that last happened.
Nice strong cross up of 10day ma (purple line) over 43day ma (white line).
Lots to like here, but still early doors technically. Some nice signals. Will be looking for confirmation on the weekly in the coming week or two.
It's all eyes on Platinum for me. I'll post Platinum chart later.
Onwards.
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