Setup for another leg down to retest long-term $400 zone

5 thg 4, 2014

Nearing the apex of the descending triangle encompassing the whole Nov 2013 bubble up to now. Another touch of the 400 zone has been almost too obvious, thus instead of the momentary wick touch of previous crashes, gravity is at work and we're sliding less dramatically to the floor. RSI upper trendline has been consistent for an entire month, and seems to be capping this current rally as well.