It seems for now the indicators look like they want to give a SELL signal. If there is a move up it would be unsustainable since all the oscillators indicators would remain OVERBOUGHT*.
ATR looks to have peaked giving a STOP for the upward trend. Usuallly trend can continue even after the peak, but volume is dying with it.
Bull target: 500
Bear target: 450 - has to break 480
Extreme Bull: 535
Extreme Bear: Anywhere between 425 down to 400 - There is a possibility for a new support to form.
As always give or take 4 on all targets.
Time frame; No later than 3 days. Possibly test support in 1.
*Edited from OVERSOLD to OVERBOUGHT
ATR looks to have peaked giving a STOP for the upward trend. Usuallly trend can continue even after the peak, but volume is dying with it.
Bull target: 500
Bear target: 450 - has to break 480
Extreme Bull: 535
Extreme Bear: Anywhere between 425 down to 400 - There is a possibility for a new support to form.
As always give or take 4 on all targets.
Time frame; No later than 3 days. Possibly test support in 1.
*Edited from OVERSOLD to OVERBOUGHT