Looks like we may be moving to the down side.
Komen:
First target met. From the buying volume, there is a strong probability that we won't hold the $10,200 level. If we break this resistance, we are very likely going to $8,500 or even lower.
First target met. From the buying volume, there is a strong probability that we won't hold the $10,200 level. If we break this resistance, we are very likely going to $8,500 or even lower.
We formed a descending channel. In this crazy market, shorting might be too risky; however, I will definitely not buy back until we can see some reversal signs.
Overall, this is a very needed correction for a healthy long term bull run. My short term targets for accumulations are $10,200 and $8,500.