Daily convergence showing in the RSI and MACD support the impulsive leg to the high of $9,900. The Dow principal of 50% holds true unless support is broken.
Please be aware that you should consider an investment under your own opinion before participating in the markets.
Please be aware that you should consider an investment under your own opinion before participating in the markets.
Comment:
Still staying and closing above, we should see this is solid support, with a potential inverted head and shoulders pattern if it closes above the neckline around $8,616
Comment:
This can be seen as a bottom forming market. Let's wait to see a strong up leg past $8,200.
