Hey @sigmadelta and usual suspects. Trust all well in CYP land...

Hey @sigmadelta and usual suspects.

Trust all well in CYP land

Last post end Mar https://hotcopper.com.au/posts/32134471/single

Same charts as at today. Well, one has a slight change of an indicator (can't help always testing new things haha) with a light blue ribbon which turns pink on a cross down and DT - is a 3 / 13 day EMA which also indicates poss supp / resist points ST.

Left prev comments on and suspect you can all read / gauge my chart style now and tried to keep some continuity to them 4 u to make easier to follow what has changed from last time.

Overall, Sigma, you correct in the trend having been intact for a while (re the underlying sentiment indicator on bottom of 2nd chart & merely looking at rise in SP) but has stalled slightly as hit that last top LT resist point from back in like 2014 odd. Can see daily vol ease back and coast along around the 20 day MA. The weekly really shows the slowing on the vol whilst still trending up. Will need to watch this as usually you like vol to validate (or support) a move up or down - watch next few days to see if someone(s) want to range it for accum or let run a little if support there.

Todays HA has just flagged positively (yellow) from the Wavetrend indicator as crossing up again after the recent drift out of the OB area.

Uncharted (no pun intended) territory a little above here now and SP appreciation imo will really rely strongly on the FA background, results and how the Coy manages this from here. Cause, being at highs the mkt may want to breathe and reassess or believe and push on - not followed recent FA closely so not sure where u guys / girls at right now.

Best Luck.

Wkly



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