Qs is trading 32.20 near the upper TL of sym triangle. With China stimulus package and other countries', markets are showing strength this morning. The 60mins formations were poised upside momentum as noted.
~~ 60m Major Markets ~~ very disappointing day as traders faded the morning gap-up with bad news after bad news. In addition Goldman pessimistic comment didn't help. 60m price momentum didn't have a chance as the morning gap is faded. Even though we have very light volume trading day, markets continued to sell off. Crowd sentiment can be very unreasonably lop-sided as many likes to follow the crowd.
On a positive note, we have VST positive divergences on 60m, so, will continue to pay close attention to noted supports.
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