The chart was not compatible with some of the monitor set ups.
Overall, we are still in the . However, as we move up along the channel, we will encounter 2 key resistances this week:
Resistance #1: The 200 moved up to $471 (moving target), and will be our next resistance. It was rejected last week. This will be tested this week (potentially as early as today)
Resistance #2: $479-480. This was the highest peaks back on Feb 11 (thanks for the correction), to fill the gap to the low $480s. This might be tested this week.
Resistance #3: at $513. This is one of the peaks in Jan before the gap down, and also one of the supports back in Dec - Jan. We won't test this resistance until Sept- Oct .
Overall, is still positive. is bouncing off the support line. It is not quite in the over-bought territory yet, so we still have some gas left.