themoneyman80

themoneyman80

With every indicator overbought, there is still no sign of selling pressure. Trend analysis is still up; this can get closer to 600 before it corrects.

themoneyman80

The chart is over-extended, overbought, and slowing down. I could see a retrace back into the lower 400s, if not upper 300s, before retests.

themoneyman80

With a moving average uptrend in a channel, if a reversal builds up towards resistance with overbought territory, it could continue downwards.

themoneyman80

The sideway movement could continue unless it breaks out of resistance, which could start a new trend with a bullish sentiment.

themoneyman80

It's not too late, but we still await an opportunity around the 115 mark. If history dictates and the pattern or momentum does not shift, we have a bullish outlook. Stochastics are very low, but all other areas seem at ease with a continuation.

themoneyman80

Closing in something that has happened before, if the same continues, it may not go sub 100 as love as 90 as it did before, but a descending triangle with support could mean a breakout. Also, I have a Fib range and could see a breakout. Room for decline.

themoneyman80

Moving back up after consolidation is possible as the framework, pivot point, and oversold levels are ready to regain momentum. Very conservative as it is still high and still inside the channel.

themoneyman80

The indicators are still halfway to overbought; the other signals suggest that the stocks are settling for another run and possibly making a newer high.

themoneyman80

Also, after a retrace into a longer white box or fibs, retrace into the smaller white box before continuation.

themoneyman80

The reversal sign should start to see the same movement unless the market dictates otherwise; I would be comfortable with the same movement.

themoneyman80

In a few areas, it is overbought but offers incentives as far as past behavior and price action. Looks to continue in the sideway channel trend up.

themoneyman80

A correction with the current trend slowing down, possible continuation to 400 until sideway channel pattern breaks.

themoneyman80

The moving averages are heading higher. The one thing you see with this type of movement is that unless there is a massive shift in change, the pattern continuation will continue to rise.

themoneyman80

There are many indications that the sentiment continues unless there is a catalyst that changes everything. Current prices and trends look very close to continuing that run.

themoneyman80

There are a few things to observe: one is the volume on a given candle, which allows for a retrace into the white box from a trend perspective; moving averages are in line with bullish sentiment, lower highs, and more room to run higher.

themoneyman80

Looking for signs of a reversal. Doesn't seem to have exhausted further options; we see a retrace and a continuation.

themoneyman80

With overbought levels, the correction could land anywhere in the red box. The lack of analyst data, combined with a high rate of hedge funds, is still not confirmed.

themoneyman80

From the framework of the higher volume, maxed out indicators, within the red, before a breakout also possible before a flush, but do see a correction to run higher for now.