Stoch RSI in overbought territory on the daily. CCI changing direction towards lower end. Re-test of touch bottom of Bear Pennant on low volume. I believe we will be going down to 20k. I do think it will be a short trip and will rebound quickly out of the 30k and range trade for a while and maybe a retest and lower. If we cross 32k then this idea is invalid. Plenty of opportunity for discounts coming in IMHO. Not financial advice. Entertainment only.
Comment:
INVALID IDEA....we crossed 32k yesterday...still think we are headed down, but this idea was a fail