1st upper level is 209.80 1st lower level is 209.19
Price broke above consolidation yesterday. Continuing to hold over the 209 area targets the top blue trend-line. If the breakout fails we will watch for support in the thickly settled 207-208.50 range.
Continuing to watch Oil, the FTSE and small caps for move clues.
50D SMA Green 200D SMA Red
Comments
mdbutz
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COLOR
pedroscott
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I think Coloors has a certain continental flair
Seems like it hit the resistance on the pennant here-what now? No real volume-quants are controlling I would say but who knows?
pedroscott
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wedge not a pennant I mean
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DCTrading
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Who knows is right. Not sure if were going to get a push through that resistance. For me, I am on the sidelines until I see it clearer.