The short term daily trend is neutral...A failure to exceed 5.11'6 intrada warns that upward movement is starting to decline. An opening below 496 in the next daily secession would warn that the high of this secession may stand temporarily.

I had the last weekly bullish number transposed off by a tic somehow, the latest weekly bullish reversal to concentrate on is at 5.06...The monthly is at 5.08...If it can't make it over and close above these numbers then the smart thing for me is to exit. There is no topping formation yet...and there is still strong momentum on the weekly and monthly charts so a short here would be risky...If one was to try a short here you would for sure place a stop above the reversal.

Still have a possible change in trend in March...the last cyclical event was a high on Dec 20...normally you would still look for a swing low...since we are trading above that high 485'6 this strongly implies that we are in a cycle inversion process...which makes it bullish overall. We need to close above this high on a monthly basis to imply a further advance to the upside base off of where we are at now. We need to close above the last session close of 4.96'2 on a weekly basis to signal a rally is unfolding.

Spike