Marks & Spencer Share Price (MKS)

So, um, that possible ‘hesitation’ I mentioned on Tuesday. Yup, that one :(

Intraday has been tagging the top of the recent uptrend and then closing below it each day this week, until yesterday when the intraday peak didn’t quite make it. Perhaps suggests the market was okay with the recent trend but not yet convinced enough to push us into the middle of the stronger long-term uptrend?

So a bit of indecision around the SP at the moment, and the run of daily doji candles supports that view, but maybe not with a good outcome.

Good to see the US sorted themselves out into close yesterday. I mean, the PCE came in bang on estimate but they still decided to throw a hissy fit in the afternoon (perhaps taking a lead from their newest convict) before coming to senses later on (much unlike their newest convict). Hopefully bodes well for a good run next week as otherwise the slight weakness yesterday may retrace a little more...

Not yet convinced about a cup & handle, looks a bit sketchy? But if there is a breakout then it could certainly herald a strong run up. Lemon fancy for me please :)

For now, at least, the rune stones remain sealed in a box. Might get the tea caddy out though…

What no saucer, just in case your cup overfloweth!

I'll slip you a french fancy if we see it play out!

Yes please. Just a splash of milk if you would and a little royal jelly. Thank you.

Possible bullish cup and handle forming for the chartists.