Today’s indicator analysis for those dudes that were titillated...

Today’s indicator analysis for those dudes that were titillated previously :)

Parabolic is currently still short and in bearish territory.
Volatility is in a downtrend. (based on a 9 bar MA)
MACD in bullish territory but may suggest a short term decline within the next few days.
ADX (daily) is falling.
EMA still negative
RSI is somewhat oversold at 46.97 (neutral territory)
Stochastic (fast) K line crossed above the D line, although hasn’t quite penetrated the 20% mark yet. (no crossing for the slow stochastic as of yet)
TRIX is in bullish territory (though overbought at 250.51)
DMI is in bullish territory.
Momentum indicates an oversold market condition.

Long term trend based on a 45 bar MA is up.
Short term trend based on 9 & 5 bar MA’s is down.

I don’t favor the way trendline support was recently breached but just being fussy.

Maximum upside potential for tomorrow could be @ 11.0 resistance IMO. (should it crack the high nines perhaps)
On the other hand, short term downside potential may be a breach of 8.2.

Still looking for that reasonably strong finish for the week..

GLA