US Note: Triangle pattern continues to be key
US Note: Bull advantage continues, but trends are neutral
US Note: Triangle continues toward next upper target
Although trend readings remain neutral a bullish signal on daily Stochastics is improving after rounding out a bottom in oversold territory. Prices are holding above t he 6- and 10-day moving averages while a Triangle continues to form. The next target of the Triangle is the downsloping trendline off the highs of the past couple months, which should be at about 119-31 this week or early next week.
