FCPO - Bulls Taking Another Rest - 10/21/2013

The market went to do some retracement on last Monday but went recovered all the losses on the following days. The market is NOT exactly moving much upward and last Friday's Japanese Candlestick of a Hanging Man may want to tell us something. I would read it as a loss of momentum. 
The Stochastic has already gone into the overbought zone and turned negative and it is important to us now as the ADX is still below 20's. So it is in charge now, The MACD remains positive and it is above the zero signal line, so I can still regard the market as a bull controlled one. The DMI is also positive  with the ADX begins to rise. This may signaling the beginning of a new trend.
If price goes below the top band with the Stochastic crossing down its 80's level - in another word, a new sell signal. I would be extra cautious about the trade and place stops tight.
 

The weekly chart remains unclear as the previous week's. The Stochastic is negative while the MACD is positive and continues to climb toward its zero signal line. Price remains stuck within the top and bottom band and ADX is still falling and went below the 20's . All these are classic confirmations of a listless market. So same as last week, I would like to see price closes above the top band and preferably close above its recent fractal high of 2485 in order to address this as a new bull cycle. The weekly chart DMI has just gone positive, if price can go above previous week's high by the coming week, then bulls may have a new friend.
The US Dollar has failed to establish a new bullish cycle after the Washington party, so I gather FCPO may follow and take a rest or even retraces before I can see a real bull cycle commences.