Wednesday, November 18, 2009

Dollar. Gold And The Minis Tonight

DXY ramping up? Pink trendline is the LT market top line. I think it may be headed to the green or blue lines and the possible descending triangle stays in tact. That gray box is a gap. 


/YG gold futures - Little gap down action? Gold gaps up as can be seen, but gaps down (gray box) these days are rare. I've been mentioning about a possible NT top in gold for a few days esp this am. This is yet to be seen, but just something to keep an eye on.

/ES 60m - challenging the lower trendline of the rising LT ED.