looking for pullback here maybe...
we have a well developed channel and we have just bounced off of the 50% area in that channel. The long term stochastics (40) are overbought and turning over. Also, we have just begun to break down out of the upward channel we have been in since the summer. look for support at the 200 EMA as well as the lower part of the channel. Pay attention to news, namely Europe and the Election.
we have a well developed channel and we have just bounced off of the 50% area in that channel. The long term stochastics (40) are overbought and turning over. Also, we have just begun to break down out of the upward channel we have been in since the summer. look for support at the 200 EMA as well as the lower part of the channel. Pay attention to news, namely Europe and the Election.