XJO, Gold, MOY and others, page-6789

Another nice manipulation of the XJO today to get it back above the short term TL on the close....LOL.

Further proof the whole market / run up has been driven by just one big self-fulfilling prophecy.



1-min chart:

gap down below TL in morning, then bounce off  lower ema back into the gap / TL level, then finally a break above and looking like close again above TL...right on the close..just to make it look like trend is still intact. Unlike previous bounce and attempted bear trap / breakout setup which didnt see eventuating given lack of a decent basing patter/period (only ~3 wks) after several mnths already of continue daily/wkly higher highs, we could see possible bounce but lower high this time leading into a consolidation back into 'traders zone' favouring lower ema.