I was hoping we could make a nice clean move above 400 but it looks as though that will have to wait for a few days. Notice the divergence between the peaks on the 9th and 13th.
There is strong support at 360 so we may visit that area again temporarily before gaining enough momentum to push through 400.
Comments are welcome :-)
Dudes, Do not buy the "higher lows" religion. there is just not enough buyers on the long run. This temporary uptrent is struggling. I believe this next thing's gonna sink to the bottom. Also mind the EURUSD and the DOLLAR INDEX. The Dollar is preparing for another this time monsterous up-lift. Everything else will suffer badly. Also look the S&P and DOW. there will be a dramatic rebalancing act from the investors worldwide running away from dollar denominated assets, hance buying dollars.