Here is the monthly cash chart just ended for January. As you can see we have an inside bar but have closed a little above the downtrend line----What's next folks?
Personally, I would like to see a continuation up, but I can also easily see that the potential for fresh selling exists as well. If we were to get above 2800 of course that would be the best scenario. As you can see , we currently have a medium term floor in at 2600.----talk to you soon
Didn't post my last few trades as was starting to feel a bit cursed, but managed to eek out a small winning day. +3.75 points or so overall