Note that within the channel outlined yesterday, there is a steeper down channel bounded by the yellow lines. Note the upper yellow line is following a declining 5dma which is where we failed today. We will need a catalyst(earnings perhaps) to break us out. Otherwise we will likely test 870 again. Below the blue lower channel line(870) the 100dma awaits around 850. At least it is still rising. 
No comments:
Post a Comment