11536 is where i see a lot of chances of this pulling back, was hoping for 11950 but this looks like its loosing steam.
Still being cautious and looking for entries for swing positions which i feel will get better entries in a few weeks .
10900 is the key level to watch out for though a cross is forming on the daily so at least we pump a bit more get people excited before dipping below the 200 day on the weekly where the 10900 is .
Loose that and next logical place is 9600 where it should bounce along with the long term uptrend line being close.
As of now looking for this to cross 11350 and tag 11556 where this might just take the elevator down in my opinion .
lets see what happens this week . Expecting in a few weeks for the Bear's to step up do not know what the catalyst pr "news" is going to be ..
IF this scenario does play out , be ready with your bids for your favorite stocks, cause it should wick back up pretty quick.
Still being cautious and looking for entries for swing positions which i feel will get better entries in a few weeks .
10900 is the key level to watch out for though a cross is forming on the daily so at least we pump a bit more get people excited before dipping below the 200 day on the weekly where the 10900 is .
Loose that and next logical place is 9600 where it should bounce along with the long term uptrend line being close.
As of now looking for this to cross 11350 and tag 11556 where this might just take the elevator down in my opinion .
lets see what happens this week . Expecting in a few weeks for the Bear's to step up do not know what the catalyst pr "news" is going to be ..
IF this scenario does play out , be ready with your bids for your favorite stocks, cause it should wick back up pretty quick.