Hi, looking at the weekly is see we are very close to 2 major resistance levels.
First is the double up target of the range 181.02-213.78 established from end 2014 to end 2016 .. that level is 246.54
Second and even more important imho is the double up of the range 67.10-157.52 established from
from end 2007 to early 2013. That level is 247.94
From this resistance area a healthy pullback to previous range high at 213.78 is in the cards imho. Enter short 246.50 Target 214 Stop 260 RR 2.41
Let me know what you think
First is the double up target of the range 181.02-213.78 established from end 2014 to end 2016 .. that level is 246.54
Second and even more important imho is the double up of the range 67.10-157.52 established from
from end 2007 to early 2013. That level is 247.94
From this resistance area a healthy pullback to previous range high at 213.78 is in the cards imho. Enter short 246.50 Target 214 Stop 260 RR 2.41
Let me know what you think
Comment:
it has been a long wait but price is now right inside the zone. i'll be shorting this ridiculously long run up from 2008 lows right here and now.