Combined US indexes suggest a spike up
The Combined US indexes chart ended the week with a bearish candlestick that had a little bullish indication with a longer tail and closing above the support line (aka Fake Out Line #2).
This is slightly bullish and represents a chance for the earlier projected target of 668 to be achieved in the coming week or two. Yes, technical indicators appear to suggest that it is a bit stretched but it does look as if it would like to spike up, maybe in a blow off top fashion.
This is aligned to the USD drop described earlier.
This is slightly bullish and represents a chance for the earlier projected target of 668 to be achieved in the coming week or two. Yes, technical indicators appear to suggest that it is a bit stretched but it does look as if it would like to spike up, maybe in a blow off top fashion.
This is aligned to the USD drop described earlier.
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