Will the recent increase in volatility and volumes on the TF lead to a decline, as it did in September/October 2012, as shown on the 60 min (market hours only) chart, below?
It's important that price make a higher high and hold above 932.60, otherwise we may see that scenario play out. (As I've written this just before 1:00 PM EST on Wednesday, price has yet to make a higher high.)
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.
UPCOMING (MAJOR) ECONOMIC EVENTS...
* Wed. Apr. 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Apr. 7 @ 8:30 am ET ~ Employment Data
* Fri. Apr. 14 @ 8:30 am ET ~ Retail Sales
* Wed. Apr. 19 @ 2:00 pm ET ~ Beige Book Report
* Tues. May 2 ~ 2-day FOMC Meeting Begins
* Wed. May 3 @ 2:00 pm ET ~ FOMC Announcement
* Tues. June 13 ~ 2-day FOMC Meeting Begins
* Wed. June 14 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference