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The actual next resistance on the chart according to Fib is 6630 or thereabouts. Ususally we overshoot the fib by a little and since this is Hallowe'en, I'm going push that to 6666. It is funny but resistance levels of many vehicles have had a propensity to hit that number (666) and stall. We shall see. It's not scientific to say that, but it does happen.
Chart shows we had a nice little breakout overnight into the 6300's. We were stuck at around 6100-6150 for a while after the last All Time High to 6200 or so.
Technicals: 50 Day MA, our main trend indicator, continues to angle up. This confirms we are still in an uptrend. I don't expect this to end for quite a while, maybe $10,000, but I don't like to second guess my indicators, so we'll keep watching it. When it flattens out, we'll be very watchful. If it keeps sloping up after 10000, we could see 150000-20000 in the next 12 months after that (2018).
Stochastic is pointing up, but seems a little overbought, but this could easily still get us to the 6600's.
MACD green and red have begun their momentum crossover and this is good, but more importantly the histogram has turned positive and is above the zero line again. All new waves up need to have this happen for the momentum to carry. This is very positive.
Things are looking good. I expect a strong rally from here through the end of the year, but for now we need to get past 6630-6666.
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