Posted by: rp on the 23rd of Dec 2011 at 03:32 pm
Title: non-equity 60 min charts
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since i’d imagine that the 60 min stock index triangles are being well covered here and elsewhere, here’s some non-equity charts that may give some insight as to which way those triangles break.
the EUR-USD has been stair-stepping down similar uptrend lines like this on those 120 min charts i’ve been show for months now. getting close to bounce or breakdown level now.
although TLT has some impulsive selling after making that last reaction high, as this 60 min chart shows, the intermediate term uptrend is still firmly intact for now, although a break below 115.85 level would jeopardize that. (very busy chart…didn’t fell like pulling all past lines off.. just focus on the colored annotations).
