Web Statistics NYMO chart

Wednesday, 4 September 2013

NYMO chart

NYMO chart

The NYMO chart as you can see does not like to get above the bollinger band lines, so it is telling us that even if this rally after today sticks, it is saying not to get too excited.

The Bears have been in control of this market since the 1st - 2nd of August, and my own interpretation of that is that they still remain the heavyweight undertone for the market for now. The next few weeks will be critical as we have the SYRIA tensions mounting, and also FED tapering announcement coming out in a few weeks, but our VIP MEMBERS HERE understand our take on that.





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