The local market is down today and is trading in a narrow range of uncertainty for now.
The price of gold is trading near the lows of the current sideways pattern.
The US Dow Jones has made a few slightly lower tops. Is this the calm before the storm?
A longer-term chart of the US S@P 500 index shows the index in the upper half after rebounding off the mid-line.
Pilbara is one of many lithium stocks to have moved up from recent lows.
Whitehaven Coal looks to have found support at these levels.
Paladin is again down close to the bottom of the current range.
MA Financial looks to be making a basing type pattern.
Is the current rally in US stocks a sucker rally as Carl Swenlin from Stockcharts suggests or will markets keep trending up?
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise… Cheers Charlie.
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