Long!. First target 292.70 gap close. May go to 294 gap close if strong enough.
Comment:
First support trend line broken. Cup pattern intact. Idea may be invalidated if we drop under 284.
Comment:
Pattern tried to break down over the weekend, but it got bought up at market open. Idea is still likely.
Comment:
The uptrend portion of the cup pattern is not as strong as the downtrend we saw on May 1st to the 13th.
Market looks a bit weak to be honest. We might see a slow climb to $290 where it could be rejected. We will see what happens...
Market looks a bit weak to be honest. We might see a slow climb to $290 where it could be rejected. We will see what happens...