Looks like a penant forming, should break out of this triangle this afternoon/evening. Folks will see it forming and get trigger-happy. I Would prefer to see some more gain/crash taking place, for some continued day trading gains. However, people might be getting tired of the triangle condition (lowered resistance, increasing support), and collaborate to bid it up.
Trend continuation is very steep, 60+ degrees, and should push the next supporting leg into the upper 19,000 range. We may be out of the nice 9%+ day trades on collapses, up here. Probably time to hold for the next set of short term gains.
Trend continuation is very steep, 60+ degrees, and should push the next supporting leg into the upper 19,000 range. We may be out of the nice 9%+ day trades on collapses, up here. Probably time to hold for the next set of short term gains.