We just pierced the heavy resistence on the 4hr Ichimoku Cloud, as seen by the Green Circle. This came after we bounced right off the 200 EMA on the weekly. We're clear of the short term resistences. Next resistence on the chart is the Kiejun-sun on the daily, and the 50 EMA on the daily. That's where I will be taking profit. Still have a lot of work to do to get out of all of this overhead resistence, but volume is back and we've got some time to make up.
We also just broke the weekly R1 Pivot at 3500. The monthly pivot is at 4600, and we haven't touched it this month. We usually touch the pivot at some point. This year we only missed it twice.
We also just broke the weekly R1 Pivot at 3500. The monthly pivot is at 4600, and we haven't touched it this month. We usually touch the pivot at some point. This year we only missed it twice.