👀 Oct 28 – CLOSE, SETUP AND ASPECTS
📉 S&P 500 (ES), October 28. The market spent the day in a moderately bullish phase. After a calm start during the early European session, price gradually strengthened, holding above the MA20 and forming a sequence of steady bullish candles. The impulse gained traction into the U.S. session as buyers pushed quotes toward the upper Bollinger band. Both MA20 and MA50 continue to diverge upward, confirming the persistence of short-term positive momentum. Toward the end of the trading day, the market stabilized within a narrow range — a typical consolidation following an impulsive rise.
🌤 MACD flattened near the zero line, reflecting balance after the upward wave. RSI remains in the 65–70 range, close to overbought territory, suggesting a possible pause. A sideways drift with attempts to update highs is likely early next session.
🪐 Geocosmos: the Mars–Saturn trine may influence the current trend, though the aspect is not among the strongest.
🏆 GOLD (GC), October 28. The market began the day in a corrective upswing after a sharp decline the day before. Early in the European session, price tested the lower Bollinger band and reversed upward, breaking above the MA20. The upward move continued amid moderate demand during the U.S. session, as quotes approached the MA50 but encountered resistance there. Further gains were limited, and by the close, price stabilized just below the MA50. The overall structure of the day indicates the formation of a local base, but without confirmation of a reversal.
🌤 MACD remains in positive territory, showing a gradual strengthening of bullish momentum. RSI has risen toward 50, confirming an exit from oversold conditions. In the short term, a test of the 4000–4020 area looks likely, though a sustained close above the MA50 remains the key condition for a trend reversal.
🪐 Geocosmos: the active Mars–Saturn trine creates a constructive backdrop and may support recovery, though it is not a strong aspect for reversing a bearish trend.
🛢 CRUDE OIL (CL), October 28. The day unfolded under moderate selling pressure. After a brief stabilization early in the European session, price resumed its decline, setting new local lows and holding below the MA20. By mid-U.S. session, a weak rebound emerged — quotes tested the MA20 but failed to extend higher. By the end of the trading day, the market remained in the lower half of the Bollinger range, confirming the dominance of bearish sentiment.
🌤 MACD moved closer to the zero line, reflecting an attempt at reversal, though the histogram remains uncertain. RSI fluctuates around 40, indicating a neutral-to-weak market condition. In the short term, consolidation within the 60.0–60.6 range is possible, with a risk of another test of the lower channel boundary.
🪐 Geocosmos: the active Mars–Saturn trine may push crude oil off the daily MA20.
Comments
Post a Comment