The NASDAQ's 60 minute chart still remains fairly bullish. Last week's weak finish reset the hourly PPO and the price action remains in a solid up channel:
A trip below 8050 would begin to suggest deterioration on the intraday hourly chart and would require a re-evaluation of the daily chart. Until then, however, I'll remain bullish and expect higher prices...
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must! • DiscoverGold
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