6-12-12 Tues Max

Tues 6/11/2012:
E/J

Daily is up in slider
Market is above daily gold
Weekly showing Gold/Purple cross

Resistances:

Daily Upper BB: 100.71
Daily Romar: 101.98

Supports:
Daily Gold: 98.58
Daily Purple: 99.18
EMA: 98.96

Market is between 2H Simples with Romar having just crossed above 200 Simple. But Simples are still out of sequence, and 200 over 100 2H still show the down.

1H Romar about to recross down over 100 Simple.

With both 1H and 2H showing TI trend down, and Romar/EMA cross imminent on 2H, look for Gold to cycle back down for the short. Making sure that 2H HL and 1H DMI also showing the same, otherwise rethink trade.