Morning Bernard, Looks as though I picked the wrong day to sleep in Eh? Nice reversal here with the resistance at 8510 yesterday turning into support this morning at the SMAs. Looks like we will still be testing this area a while, maybe. Once again will be watching to see if this lower high will lead to another selloff or not. SMAs might just continue to offer some Support, maybe. Enjoy the Day Bernard! :^)
Hi Bernard, My risk indicator is still looking very bullish for the longer term (6 months).
Its oscillator turned to rising risk this last week after four weeks of dropping. However, we have a long way to go before the IW rises back to High Risk.
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