Near term peak forming?

Currently while the daily short term PPMs are in trend, they look to be losing steam, which could mean that they are topping in the short term.

Take some solace from the fact that we recently had a slightly higher lows and slightly higher highs so the chance of a downward trajectory over the mid to longer term is not likely.

The weekly chart seems to agree. While we are not seeing any trend, at least there is no downside trend forming any time soon.