Sunday, May 15, 2011

1 week later no change!

Since we didn't break S/R levels this gets hard.
What I say on the chart and my thinking here is we are over sold. I think R1 1348 is a target Monday or Tuesday. I look for Friday down based on a 55td L and a minor 144td L from those highs. Till we break up or down I remain on a trending sell signal
click chart to enlarge...................................Feed the Fish too!