S&P500Monthly: everything looks like northern accumulation, but ADX is far from the trend zone, so the index may be delayed inside the upper Bollinger envelope (2062.8 – 2175.5)Weekly: a similar situation here. The range is more localized: 2100.9 – 2203.2Daily: a better shaped horizontal flat corridor 2157.8 – 2193.0Expectations: flat 2157.8-2193.0Solutions: Look for entries around 2157.8 “Brent”Monthly: oil is being traded around the middle Bollinger band (51.72). ADX is weak, so it is likely, this trend will continue.Weekly: local resistance 53.56 (upper Bollinger band); support is 46.80 (the middle band)Daily: active trend status of ADX, so buyers can finalize zone around 53.56Expectations: Growth to 53.56 followed by a decline to 51.00Solutions:
1. Buy to 53.562. Sell from 53.56GoldMonthly: active trend status of ADX g allows bulls to rely on medium-term growth in the direction of 1562.59Weekly: local resistance 1382.64 (upper Bollinger band). As we note the bearish divergence of the oscillator, we expect a rebound and fall to 1287.28 (middle band)Daily: horizontal flat corridor inside Bollinger envelopes (1316.37-1365.41)Expectations: Flat 1316.37-1365.41Solutions: trading inside the range 1316.37 – 1365.41
1. Buy to 53.562. Sell from 53.56GoldMonthly: active trend status of ADX g allows bulls to rely on medium-term growth in the direction of 1562.59Weekly: local resistance 1382.64 (upper Bollinger band). As we note the bearish divergence of the oscillator, we expect a rebound and fall to 1287.28 (middle band)Daily: horizontal flat corridor inside Bollinger envelopes (1316.37-1365.41)Expectations: Flat 1316.37-1365.41Solutions: trading inside the range 1316.37 – 1365.41
