gconn190

gconn190

Looks like clear space to last years low.

gconn190

Looks like the USdollar going further down.

gconn190

Doesn't seem to have the will to keep going lower here, suggest a pop to 200 then resume it's lower trajectory.

gconn190

Looking forward to weaker dollar.

gconn190

A day trade.

gconn190

Shorting near this area is likely to produce.

gconn190

Shorting

gconn190 Updated 

Pull back nicely to just above .786. I will ignore the gap because I don't think it it fill it.

gconn190

If price hits the rising trendline and reacts as it has before, then a correction ensues. The 23 fib is the first area that indicates if price will continue lower by testing it. Etc., to other levels. My trust in the fib and the levels of psych are just coming in to a way to forecast market outlook for me. IE, So fib is not just something you can ignore.

gconn190

Price crossed 20.

gconn190

So price at trending line and horizontal support. Could go up.

gconn190 Updated 

Fridays close14.21 (BioTech, is getting beaten), 5 sma is 6% below 20sma. Limit order 6% below close=13.35. I will just see where this goes. Chart looks like it could hit the 200sma @12.50 but I think the bounce will occur this week in biotech.