LoyalLobster

LoyalLobster

The 5800 level has been touched repeatedly and seems to be holding up fine. I honestly don't see any reasons why it would cross down the 5000 level. This may take a few weeks or even months of sideways action before engaging on a new uptrend, but shorting anything over the hourly here is not worth the risk as we hover around .386, a historically strong trend support.

LoyalLobster Updated 

Volume is virtually non-existant between current price and next support (6700s). Breaking this High-volume node will render an easy short.