Cover Signal confirmed at 2559

A nasty drop and some relentless selling in the morning, followed by a sharp bounce and rally off the Mid-channel which is often an initial support on first visit.

Technically some damage done and just failed to close back above the important Buy Signal line.

Therefore a cover signal at 2559 for now whilst the market stabilises.

And that is a nasty declining angle from the all time high that we will need to negociate moving forwards

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *