January 5, 2015

Market outlook

Trend is up and will reverse on close below 8150 spot.

Note possible triangle formation between 7900 and 8600 leading to a lot of whipsaws.

This means that there is a good chance that current buy signal can fail.

EOD charts:

Intraday charts: spot

Break below first box was first short signal for day. Cover was close above second box. Close below third box was second short signal.

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