The main issue on the weekly chart is that dollar prices have not risen to previous highs. They still could, but they haven't gotten there yet. The SMAs are sending mixed signals. The 20 and 50 week SMAs are moving higher while the 10 week SMA is moving lower. Also note the 10 day SMA just crossed below the 20 week SMA, although prices are still above all the SMAs
On the daily chart we can see a solid triangle consolidation pattern forming. Also note the 10 and 20 day SMA are moving higher while the 50 day SMA is moving lower. The MACD and RSI aren't much help on this chart as both are pretty stagnant right now.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.