I've drawn a channel based on the 201.17 & 77.51 . Then I CLONED the reference channel and look what happened; a MONTHLY that close just below the top of a CLONE. At the same time there was a significant negative divergence and a much lower EFI bar.On a monthly chart, more often then not, this scenario is a sign of a SURE TOP. Now you can use the boundaries of the channels as your support/ resistance.. You can also add a FIB retracement starting from the 77.51 to the . As a general rule price below 10MA is considered .
I was fortunate to catch the link you suggested last night. Very good info. Thank you !! After watching, I would say tomorrows opening will be a big clue. We are far from the 8EMA with declining volume. My sense is a another cycle down before crossing the 100SMA. Speaking of cycles, we are due for a down cycle. The red box is the reference and all the rest are clones.