Was it a false breakout S50 had yesterday?
Day: consolidation continues, after a false breakout from the rising channel that would trigger the H&S pattern
So will this false breakout trigger a bullish run, from today's levels? As long as TOP middle line is still a support, it might very well be the time we leave the dragged sideways movement to new heights. Not so sure of that though, yesterday's candle didn't manage to stay above the long term support and resistance and left [very close to] a 7 point shadow above, through the resistance.
65 min: the inside bar at TPO balanced line did show its powers, is there more, to take the price even higher, is the question.
My conclusion is, S50s yesterdays pullback occurred due to the extremely bullish day [yesterday] of the SET50, which made the contracts test 930-resistance. So if help will be given today, as well I don't know but have the feeling that so that the S50 contract needs another helping day to be able to stand alone.
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