Chart of the day: XLI

September 27, 2011

This is a follow-up on yesterday’s XLI chart which displayed a weak long signal.

Today, heikin-ashi chart (upper pane) prints a reversal candle (small body with both upper and lower wicks).

In the second pane, haDelta is more convincing above its short average with an average turning up.

Life is better than yesterday but both indicators are still in negative territory. This rally is capped by haDelta resistance (red horizontal line).

Chart of the day 09/26/2011 XLI

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