established a new channel that has historically been support on 50 ema, now it's become resistance. I believe we are likely to break this channel to the downside (bottom unknown) but once it finds bottom, we very likely rally to ath. keep it simple!! we are doing financial astrology after all, so pick your flavor. IMO, just follow the s&r + emas, and you'll be fine :)
this has been behaving as expected ever since new channel was established. it's playing EMAs and placing fibs on target. keep on channel for continuation. if/when it breaks, given the loom & doom of the economy, it'll see more downside IMO.
