If the current support level doesn't hold, Its all red for the next few weeks. All indicators are pointing down at this point. I'm hoping it will, but hope isn't a good thing in the market.
Look at both sides of the markets
Everything below 100 bucks is a buy. Preferably below 80.
We are ready to go down to the next major support levels. Might happen quicker then you think
Look at the targets :) Ill be waiting with some orders down there
Overbought on all counts. Today we should turn around.
As you can see the past 3 green days are happening on a declining volume. At some point the bears are gona step in and push it down
I realize this is not very popular opinion.
This will get invalidated if the price goes above the fib levels. But we are in a heavy bear trend and i really doubt it.
You can see the divergence in the price and the indicator. One more reason to not go long here.
We just got rejected by the 200MA on the hrly. I think this was the bounce. We are making new lows boys. Of course there is nothing with a 100% probability, but im gona go as far to say 70%.