Just my .02, but I don't think we are going to break the large trend line now. We are going to initially drop down to a .618 support line, then attack the trendline but ultimately fail. Then we are going to pop down to major support at about 6700, then have enough momentum to push us out of the large triangle.
The trendline I'm speaking of is the large one from 20k.. we may have touch it.. broken it slightly (by a couple bucks), but never stayed above it and used it as support.
@mayernetworks, Wondering where you see the trend line. On the 30 minute chart I have it twice getting above the 20K downtrend line, and it is above it right now.
mayernetworks
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@RobertBizzarro, Your trendline must be off. We have never broken it. Its the dark green in my picture.
RobertBizzarro
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@mayernetworks, How about now? I got it shooting through.