Good morning everyone. I am taking a look at the 1hr chart this morning and we have fallen below the 50 MA once again. Right now the cloud is holding us up while the 50 MA is directly above us ready to push us off the cloud. The cloud is very thin in this area so It definitely would not surprise me to see the candles fall through in this area. I drew a triangle on the chart that seems to be close to the end of its life. Bolinger bands are tightening the closer we get to the end of the triangle so I expect to see a small break out. I would say we would break out of the bottom seeing as how the 50 MA is above us now. The 200 MA is sitting at 7370 so that may provide us with support if we do fall out of this pattern. RSI looks like it could go either way, although it is slightly closer to overbought. On the bright side on the 4hr chart we are still currently above the cloud and the 50 MA though Im not sure it will last. The 4hr cloud also is very thin where its finding support so it could fall though very soon. All in all it was a pretty boring weekend. Lets see if the bulls want to play today.. But WTFDIK???