After the massive drop we have been mostly trading above the equilibrium of the channel with the RSI steadily climbing on the one hour, we have also been consolidation above previous support of the yellow box. If we do not break the RSI trend line we could push up to the $9900 region which is the top of the purple box before we see a pull back. (any longs should be taken on $100 to $200 pull backs with a tight stop loss) HAPPY TRADING EVERYONE!
Comment:
Looks like we hit the target of $9900, we should see resistance around $10050 area... good area to short in my opinion