The price action displayed can (I believe) be viewed from several different
perspectives. I have outlined several for consideration. It appears we
are very close to the moment of truth here, and that the market will
have to tip its hand soon. Personally, basis the MAs at this juncture,
I lean toward the short side until proven otherwise with a needed
confirming rally. I believe we stand to see a nice move in one direction
or the other. For those that follow this pair, I would suggest that a
decision is not far off and close monitoring is warranted.
perspectives. I have outlined several for consideration. It appears we
are very close to the moment of truth here, and that the market will
have to tip its hand soon. Personally, basis the MAs at this juncture,
I lean toward the short side until proven otherwise with a needed
confirming rally. I believe we stand to see a nice move in one direction
or the other. For those that follow this pair, I would suggest that a
decision is not far off and close monitoring is warranted.