Thursday, February 20, 2014

Back To The High Of The Week

Indices made a move below yesterday's low, only to bounce back up and end practically on the high of the week. Very bullish action and nice bullflags are being build (valid as long as the low of the week holds).

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still closing above 1.37.
Oil is consolidating, near $103.
Metals bounced today. While copper closed almost breakeven, gold gained 1% and silver almost 2%.

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