If the sales numbers do not come true. or not spectacular there could be a significant sell off. I have closed long position and have a wait and see approach. If we are consolidating we will stay in the within the top two Purple trend lines.
Keep in mind the momentum is decreasing and all eyse will be on the quarterly numbers expected on Wednesday. If they are great or within expectation we will see 265 or so. if not it could be very ugly gap down to 177 or so on its way to 130 or so.
Keep in mind the momentum is decreasing and all eyse will be on the quarterly numbers expected on Wednesday. If they are great or within expectation we will see 265 or so. if not it could be very ugly gap down to 177 or so on its way to 130 or so.