Here is what the market looks like today, coming back into that falling wedge pattern. Still waiting for the 870 to be taken of to become bullish, but am still holding dxd. I think that we may start to see a rounded top formed rather than a breakdown of this rising wedge. We have currently taken out the highs form yesterday and moving up. I will look for direction into tomorrow. If we get another day of buying and if we take out the highs I will be long, if we can not continue to move up tomorrow and make new highs before the next down day, the rounded top look more interesting.
The market is very strong today. We are seeing continuous buying and a small amount of selling coming through, with low volume on the sell candles.
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