Not looking good at all. Doesn't look like it's going to hold support at 13,600 and thus a fall down to previous supports of 13,000 is quite likely - although if there's any life left in tech, we might see a little bump in attempt to regain 13,600 before a straight up fall down to 13,000.
Double top formation looking pretty bearish.. everything not looking so sweet as it was just a little bit ago - and not entirely unexpected after such a rally that jumped up leaving a lot of gaps to fill on the reverse.
Double top formation looking pretty bearish.. everything not looking so sweet as it was just a little bit ago - and not entirely unexpected after such a rally that jumped up leaving a lot of gaps to fill on the reverse.
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Hate to say I told yah so:
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Okay, so the sell off today was quite bad but.. now we rest at 13,000 once again.
RSI indicates it's into oversold territory. Expecting a bit of a bounce either tomorrow or the next if there's any bulls remaining:
RSI indicates it's into oversold territory. Expecting a bit of a bounce either tomorrow or the next if there's any bulls remaining:
