That's Why I Like it.... - Friday, page-2

Head/n/Shoulders Anybody? Thursday Evening Liqueurs. 30 July, 2015

XJO up again today +0.81%. Very nice.




The Index is again back at a very strong resistance level. If it can overcome that - ahead is the 100-Day MA.
Indicators are positive but not overbought.

If both those levels can be overcome, then we'll have a clear H/n/S formation completed.

At this stage, I can't see any reason why the formation shouldn't be completed. (Famous last words?)

For that to happen - we need to see the Miners starting a bull run. That means a fall in the mighty U.S.$ so that commodity prices can rise. hmmm? Let's wait and see how the chart plays out.

RB