Futures rose last night, even when data on the other side of the world was horrible. Is the "Bad news is good news" back again? Volatility is definitely coming back and we should be careful how it heads into the next coming days. Up or down, we must be open to any possibilities. The markets have flipped red to green today with quick impulsive moves making it hard to tell what type of patterns are forming.
Nonetheless, prices still remain under the Gann Angle that I have previously drawn on my daily chart. The ST has changed to UP so our sentiments at the moment are not agreeing with each other. This means that it is better to wait it out and see the next SNYC in these indicators. Prices also remain under the 60min charts 75 MA. This keeps things a bit bearish at the least.
SEN: Bearish
ST: DOWN
PA: NA
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