This month's breakout could be in jeopardy here if it drops anymore. Consolidation flat would be strong, and any break up would be also. but any more down momentum and pressure may cascade. I lean towards downside here. Unless there is going to be some kind of limitless massive breakout, a cycle retrace is due.
Comment:
Okay this is it. If this is a head fake, it turns down here from 273. If it continues up, its a break out. Clutch time
Trade active:
Looks like it was a great head fake. Any continuation on this move and look out below
Comment:
now if below 246 and next stop is likely 231-238
Trade closed manually:
The support bounce and the way its hugging the line makes it much more bullish here. Crazy Fridays, holiday weekend. Anything goes here. Could go up, could go down? Ill kick to sidelines until direction is more clear.
Comment:
looking more and more bullish. accumulating back in