I'm expecting to see sideways movement for the next 24-48 hours in 6675-6800 area before making a climb back to somewhere around 6975. Then i'm looking to see the death cross occur approximately Friday. I will be posting updates of expected targets as we get closer. One could assume that a play to 8k is on the table before falling back through the 7k resistance area
, but without the volume
necessary to do this, i'm not planning on it. We've had textbook distribution occurring in this current price range, so a sudden drop
under new resistance levels is all one should expect.