The S&P500 and DJIA both limped to new highs last session but most other instruments, other than GBP pairs, are little changed. I'm wondering if the northern summer doldrums may continue to plague markets until Jackson Hole?
DXY weekly: weekly ADX momentum still declining here:
Trend line breakouts:
GBP/JPY 4hr: watch for any push to lower whole number levels:
GBP/JPY 30 min: a choppy Asian and early European session but note how the ADX was a good guide here! The black ADX line did not lift above 20 through the Asian or early Europe session:
GBP/USD 4hr: watch 1.38 for any new make or break:
GBP/USD 30 min: a choppy Asian and early European session here too but note how the ADX was a good guide here as well! NB: there was no TC signal after the Asian/European Box closed, for a bit of time, as price action was IN the 30 min Cloud:
S&P500 4hr: next stop 4,500?
ASX-200 4hr: watch 7,600 for any new make or break:
Gold 4hr: revised trend lines BUT also watch $1,750 for any new make or break:
EUR/USD 4hr: revised trend lines here too so watch for any new TL b/o:
Other charts: little changed from last update.