Nothing happened, there is nothing to worry about. That is yesterdays message from the trading floors. Second half of the Tuesday brought us a strong correction and today this movement is continued on most of the instruments.
On the Gold chat that could have been expected. Here, this reversal should happen regardless of the circumstances. It is always good for the technical situation to test the recent crucial resistance as a closest support and that is the current scenario here. As long as we stay above the up trendline, the sentiment is still positive.
Bounce on the SP500 using the up trendline should not be a surprise for anybody. Using that support, the price performed an upswing which broke the upper line of the flag (which is a neckline in the same time).
Dollar index also reverses and is about to test the recent support as a closest resistance. 93 looks like a great place for a bearish reversal.
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Traders do not believe in the new war...or they simply do not care
Published 08/30/2017, 07:32 AM
Traders do not believe in the new war...or they simply do not care
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