Short term we are nearing the apex of a rising wedge.
Bullish if a close above 6800.
Intermediate/Long, continued bear. Possible leg down to 5800. Looking for a bounce from there.
Neither completely bullish, nor bearish, waiting for above confirmation.
*Note a daily high of $6660, ominous.
Trade safely the next few days, my friends!
-Achilles
Bullish if a close above 6800.
Intermediate/Long, continued bear. Possible leg down to 5800. Looking for a bounce from there.
Neither completely bullish, nor bearish, waiting for above confirmation.
*Note a daily high of $6660, ominous.
Trade safely the next few days, my friends!
-Achilles
Comment:
Looks to me like the bears are in control today. I am expecting a major move around 1500 EST. Set your SL's and get ready for the ride.
