MACD with Boll bands(sell when is 2 std dev. above average, buy when below) is giving sell signal and it is meeting strong resistance at the 100d MA and trendline. Stop is above the 100d MA and target is the 3 std dev. band.
Everyone's screaming overbought, eveyone has a different chart showing how insane everything is. Nevertheless,the market seems to care little and after breaking out from an IHS,its now seems ready to hit the 2000's,the pattern's target
Close to bollinger bands after strong expansion up and a 1.7 point cycle(+-) has been developing for a year, which all put together points to a possible top soon. The target is in the 19.9-20 area.
