Same old, same old although I expect a little profit taking come the holidays.
Here's a 60m chart . . . apart from the obvious "pennant" formation currently under way, my major levels remain the 100 weekly SMA and the 61.8 fib (red dashed) from the May '15 High to the June '16 Low. I'd be very happy for these levels (or thereabout) to be tested at some point and then for PRICE to continue higher. There's no news out to subdue the $ just yet and unless it becomes worrisome to the FED and they let us know, I can't see any major downside . . . . time will tell.
Off for my hols later today so I wish everyone a wonderful end to the year, much celebration and a prosperous and enjoyable 2017.
Best wishes,
DYSWIS
Here's a 60m chart . . . apart from the obvious "pennant" formation currently under way, my major levels remain the 100 weekly SMA and the 61.8 fib (red dashed) from the May '15 High to the June '16 Low. I'd be very happy for these levels (or thereabout) to be tested at some point and then for PRICE to continue higher. There's no news out to subdue the $ just yet and unless it becomes worrisome to the FED and they let us know, I can't see any major downside . . . . time will tell.
Off for my hols later today so I wish everyone a wonderful end to the year, much celebration and a prosperous and enjoyable 2017.
Best wishes,
DYSWIS
