Interesting chart. Made a bullish hammer on 12-6, has two trend line supports. Will watch for Stoch cross
over. Might scale into this Friday to see if we get bounce. Otherwise, a move to lower tend line is a lower
risk entry.
Overbought on 60 & Daily. Notice Big volume and selling pressure on Friday. Looks like a potential short if we open weak on Monday or early in the week. Also, see CAT potential short.
Think a entry at these levels would be wise as I don't believe the 48.5 level will break. If it should break due to overall market conditions then I would be a heavy buyer at the 47.5 to 47.75 level.
