C: Target reached

Today C reached the objective of 4.34 (EMA 200). I have this tentative elliot structure in the intraday chart...

In the daily chart, this is the structure. Notice the divergences in the RSI. This divergence  at least tell us that we should not go long here... but the EMA's tell that we should not go short too. The 200 daily EMA is the next resistance (4.34) . In addition huge volume today.

3 days frequency chart: notice the resistance in the 23.6 % fibonacci retracement (4.40)

Watchlist: Citigroup, Gold & XOM

These are some securities that I am following. The bull US dollar is something to worry (it is not good going against the US dollar now, buying stocks), but I think that the bull US dollar is a sign of weakness on the euro, rather than weakness in commodities and stocks.

Citigroup: wating for the breakup of the down trendline (with volume)


C daily:

GLD: a good buy could be 107 USD

$GOLD daily:

GLD hourly:

XOM: down trendline broken. Refer to older post in order to look up for other timeframes charts.


XOM hourly: