EXCERPT rising moving averages and trendllines remain unscathed, as today’s action on the hourly charts appears to be nothing more than bull flags or orderly consolidations ahead of potentially higher prices.
Despite fact that oscillators are overbought, today’s action will partly offset some of recent excesses and pull oscillators back to less overbought ranges. But grind higher continues, with support continuing to hold. I’m still looking for a potential high in this timeframe, although I’ve been saying that for last two weeks now and market continues to press ahead
Trade at YOUR OWN: Risk, DueDiligence, RiskTolerance. Trading Responsiblity is Totally Yours! You are Spending Your Money, no one elses! Be Wise, Be Thinking, Be Deliberate! Be Lucky, Chichi2
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