We've broken away from the 600-700 S/R and the downward trendline and are heading up towards the 800-900 S/R. Expecting a bounce down. From there anything could happen, but with any luck we might see a $1,000 new year's day!
One thing that seems to be unpredictable is the length of time between "bubbles". But if we repeat something similar to the last bubble, we might be sitting in the 500-800 area for a few months.
We're in a long term up trend, medium term up trend, short term down trend. Price has just bounced off of the .618 fib retracement line of the medium term up trend trend and on that day volume also peaked (highest in months) which often indicates a reversal, especially if the next test of support shows lower volume than the peak. So watch for another test of the...
