The Charts of the Day
- Posted by Robert Sinn
- on May 8th, 2012
Gold ($GC_F $GLD) broke below its 42-month uptrend line but managed to climb back above the $1600 level by the close:
A triple bottom for the Russell 2000 ($IWM $RUT)?
$ES_F printed a higher low from Sunday night’s low of 1342.50, meanwhile the 1363 level proved to be resistance into the regular session close:
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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