jasonlankow

jasonlankow

Just broke above the upper parallel of the down-channel started in mid-February. If we can break and hold above 3450-3500 range (0.5 Fibonnaci line from the spike of the high on January 3 retracing to late December beginning of the run), we have a good shot at running back above 4000 in the next two weeks (if not sooner).

jasonlankow

Near-term projections indicate sideways trading heading into rising support line, with a bias towards selling, which could lead a short-term break below the trend line.