Qkish

Qkish

We maybe have finished movement inside this monthly downward channel, which looks like a corrective channel for previous bullish impulse. Chances are we will go north from here. But if price will brake this channel downwards it may as well become ugly, and there is no support levels, I guess? Anyway, now GILD highly tightened to SNP and thus electional uncertainty.

Qkish

Trendline from may 13th is broken, we should start seeing a move down from here. Should we? But lots of traders are predicting 3100-3200, which may be possible as well. Will see.

Qkish

Do we have to face the return to trendline? My answer is Yes.