Quinton84

Quinton84

This little rally might peak at the 6k resistance before triggering another selling spree before markets open.

Quinton84

looks like we're stacking up for another drop. If we don't gain any trading volume, then it's another drop to the next floor

Quinton84

if we drop below our 5850 support, then the next stop looks like 5400 range

Quinton84

do we hit 6120 resistance then selloff, or do we retest support at 8850 and fall through becoming new resistance?

Quinton84

with a low RSI and new resistance at 6120, we might retest the ceiling and drop to the 5800 range to close the day.

Quinton84

if we don't decouple from the traditional markets this week (let alone Monday), we may see a brutal drop. if we fall through the 5k support, then we might see 3.2k as the new support with 5k becoming the new ceiling. Anything lower than 3.2k and it gets ugly for a long time but perfect for adding to the portfolio. if we decouple from stocks and go up, then...

Quinton84

a weak looking head and shoulders that never played out will it soon?

Quinton84

hopefully this double bottom provided good support for a long position for the weekend. be prepared for anything Monday morning though

Quinton84

looking bearish?

Quinton84

Might get a little break in the upward direction for another quick scalping opportunity, but may be rejected at our resistance so short term?

Quinton84

in resistance now. If broken, it becomes new support and long opportunity until next resistance at about 8500

Quinton84

May be time to short if this resistance line rejects us too many times. Another good scalp opportunity

Quinton84

next 12-24 hours could be good for scalpers