Might be targeting $26.8 level (and even that is still far from .236 Fib, which is $29.50 level) RSI breaking out and MACD is close to be positive.
Price and RSI broke out, MACD positive. Overbought already on hourly chart so short term pull back likely. Wait and see.
Very close to 40 week MA, RSI close to upper channel too. Given the downward pointing 40 week MA (and about 1% away from upper bound of the downward channel). I will be VERY cautious entering next week, and may go short.
Looks like last counter-trend bounce of housing is underway. A positive MACD will give me more confidence.
Looks similar but uncertain. But the real deal is if it will ever break the red support. We will see.
Uncertain it can reach 100 given the still weak RSI and MACD. A little boring but eventually it has to break out or break down.
A small breakout and a healthy RSI and MACD look. A close above 2.68 will confirm the short term bullish move.
May have a bit more to fall... and I want to see how it responds if red support line is hit.
TLT shows a bit of weakness but the uptrend is still intact. Given the lower high, I would worry if it makes a lower low next week.
Facing red resistance now. Either breakout and test 40 week MA (most likely), or fall from here to retest the pink support.
Trying to bounce up from red support but uncertain how higher it can go. If red support fails, it has much lower to fall.
Continued to make weekly closing high. Note 40 week MA starting to turn up.
Breakout failed. Now lost 3 supports (red lines, 10 day MA). RSI broke too and below 50.
Looks like it wants to turn. Worth paying attention in the next several weeks.
RSI and MACD are good. Note the up ticking of 40 week MA.
Pink support held well this week. and it actually had a short term breakout. Red line and 10 week MA may serve as resistance next week.
Comparing with 2008 bottom process, 2016 so far has similarly diverged RSI and MACD. This may indicate a bottom might be in. Will need breakout to confirm.
If this is a repeat of 2008, the current decline is only half way through. If this is a repeat of 2011, we now might be right at the bottom. Like any trade, we can hope for the best but must prepare for the worst.