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Online Share Trading

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Commodities - everybody has an opinion

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3 REPLIES 3
Russ
Super Contributor
Don't know about commodities but I still think this market might be one big bull trap at the moment.
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sponono
Super Contributor
The TOPI looks indecisive. Ive never seen a triple left shoulder on a head and shoulders pattern. Needs a break to all time high or validate the head and shoulders; its a damn waiting game
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Russ
Super Contributor
I just think the dow and sp500 are showing rounded tops which may signal a change in trend. In addition there have been sell divergences on their weekly and monthly charts (sto and rsi) for quite some time now. The monthly indicators are definitely falling and have a long way still to fall if this plays out. That could determine which way we go, which I think is down. It seems to me that as soon as our shares gives an oversold bounce the sellers come in and beat them back down. That's a sign of a bear market rather than a bull market although it's too soon to be sure. Just my 2c worth!
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