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We have had a bearish daily candle yesterday “scare” correction followed by a bullish candle today.
The RSI is neither overbought nor oversold on the daily chart. On the monthly chart it is a little overbought.
Volume is down on yesterdays trading, but not below average.
We are clearly at a resistance level and the market has been testing higher highs very gradually.
I want more information from others because, although I favor bullishness, the correction will have shocked many traders.
If the market forms a visible top again, I will go short for small profits.
In the next two weeks I will be looking for targets in the 2.0600s, possibly the high in July at 2.0650 otherwise.
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