looks like we hit a temporary support at 4785 and are crossing back up generating our first crossover since our drop from 5k . should see strong upside back to 5k as we attempt to close above 4945. should test the 50MA at 4975 range.
Feel free to try out my Ninja EMA Cross 5/8/13
Looking like we keep hitting resistance in this zone seeing multiple areas of resistance with triangles forming lower highs. two apex areas within each triangle. We are currently approaching inner triangle apex i think we break down lower from these points.
Here you can see where each time we hit a new resistance we dropped down to the 6000-6300 range and snapping back up breaching resistance and making a new support . we then retrace back to 6200 area before snapping back past new resistance to make a new support . 6800 has proved to be a challenging area for us last month and even last week we dropped down to our...