Good morning. Last week we finished the week in the green even with Powell speaking on Wednesday. And now, we are hanging out at the 200 day. So.... where do we go from here? The charts are telling me to be bullish, but we should remain cautious at this level. The overall big picture makes you sit back and think. We visited the trend line from this years high back...
An UP move can be relatively safely played as just in the descending wedge are the
Support: Channel Bottom & 3300
Stops: Placed just below there in case it goes down.
Note: Inv H&S
14th. Bounces around support & resistance but ends higher...
15th. Shorts panic and it ascends into channel 0.5 line
16th. Bulltards rejoice and it soars to 3600
17th. DOOM :D