Structure:
(-) Rejection of $28 resistance, resulting in a bearish breakdown from upward channel
(+) Breakout above the consolidating triangle after hard drop
(+/-) No trend - lower low, higher high
(-) Negative bias under 18 MA
(+) Strong support at 200 MA
(-) Approaching resistance @ $26.50 with 100 MA and 18 MA
(-) Looming bearish cross of 18 MA under 100...
Structure:
(-) In a downward channel
(-) Broke long-term uptrend
(-) Lower highs, lower lows
(-) Negative bias under 18 MA, 50 MA and 100 MA
(-) Looming "death cross" of 50 MA under the 100 MA
Indicators:
(-) Falling momentum, but oversold
Macro:
(+) Strong Dollar
(+) Fear is coming out out of the market from last FOMC
(?) Friday jobs report
Target: 200 MA @...
