195 6 2
Broadening Formation. Perhaps positioning for 2015 after a full year of consolidation.
It did go right about going up to the 120 mark and came right back down.
I personally think that there's certainly more room to run to the upside, IMHO I think we'll see some slow sideways action early next week because of the Holiday's, so then that should soften up the technicals. And then it's sugar coating to year end, so then to aid the broadening formation, New Year should bring a wave down but there seems to be a lot of support around the 116.50 area, an area that'll take 3 snow plows to get through. What do you all think???
JCrusadr: by what metrics do you think it's overbought? Also, what timeframe: the intraday, daily, weekly?
JCrusadr StaniecLukasz
@StaniecLukasz ; I use the 4hr with the Stoch RSI. It is the most accurate. It will open lower Stan.
Way overbought, the Santa Claus rally is about over by Tuesday.
I agree Kate, I think it's going g down on Monday am. May go higher in the afternoon though.
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