TRADING DP

[TREND1]

4/4 Ultra-Short-Term Indicators: Nothing interesting here.

Short-Term Indicators: I'm afraid that the short rally last week is all we are going to get out of the positive divergences between indicator and price bottoms. Now that both have topped and are heading lower, I would expect price to follow.


Conclusion: The short-term rally of last week ended as price fell back at resistance, staying in its declining trend channel. Indicators are looking bearish in the short-term and although we don't have confirmation on intermediate-term indicators yet, I am moving bearish in short term and neutral for intermediate term.