Continues to move sideways on the short term, between the 23.6% and the 50% retracement levels, is trading at the half of this range. We’ll have a clear direction once we’ll have a valid breakout from the extended sideways movement. Remains to see if this is an accumulation or a distribution movement. Personally I’m waiting to see what will happen on the Nikkie, which is narrowing around 20058 static resistance.
