Click on the chart at the left to enlarge.
The bulls are back in control but are very close to serious resistance. Several fibonacci's converge at the 1073 area.
If we cannot clear the 1073 - 1081 area, then we will have a head and shoulders pattern forming. If we can get above 1081 but not move on up to new rally highs, then the pattern will be a double top.
Daily stochastics are moving up while weekly stochastics are moving down. Next week should be very telling.
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Great blog and awesome show. Would be lost without it. Everyone should watch an learn.
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