Hi Orwell, Yes, well it would certainly be bullish it it gets...

Hi Orwell,

Yes, well it would certainly be bullish it it gets through that top trendline. With our traders hat on we are always looking to take positions near the danger zone, so for me it's a short setup in the making until proven otherwise. If it can't push up into that 88-89 zone that smells weak and the green light will be flashing for me. I'd be looking to open a position on any high volume pivot and/or add on close below the March 2017 lows.

Be keen to hear you EW take if you have time? Though MUT chart might give you more time to work with.
cheers

@soccer5 thought this thread might be a little more up your alley than XSO which can be very spec focused. It's a bit quieter here which can be good and bad, but we try to focus on big stocks/indices and big picture thoughts. Charts/FA, it's an open floor. cheers