3 years ago

Index Trading Range

On the 30th of September I posted the note about a KOD.
The Index has been trading into a descending triangle that has now set up a trading range.

With the retest of the August 25th Low and the following rally to 5220 we now have a very defined trading range.
Todays market move unable to trade over this Resistance level.
Within the trading range is also a major resistance level of 5116. Look for this to be tested in the coming days.
XJO Daily