A trend change in Jan 17 is expected, pay close attention to events ahead.
We have seen a 7 year rally since 2009, after penetrating the November 21st low the momentum is bearish. This is a warning to pay close detail to weak upward momentum.
To date we have exceeded last years 3522 high, in order to maintain this upside we need to close above last years high at year end.
Our models turned up warning we may be preparing to rally, at this moment it remains in a downtrend on all indicators looking at the weekly. Remaining above key support at 28.42 is imperative to this move.
We have seen a 7 year rally since 2009, after penetrating the November 21st low the momentum is bearish. This is a warning to pay close detail to weak upward momentum.
To date we have exceeded last years 3522 high, in order to maintain this upside we need to close above last years high at year end.
Our models turned up warning we may be preparing to rally, at this moment it remains in a downtrend on all indicators looking at the weekly. Remaining above key support at 28.42 is imperative to this move.
