Bull case: Giving out good Black Friday numbers here coming up. 30min and below oversold or getting there on RSI and MFI (exception on 5 minute which spiked to near overbought in final minutes of trading from 40 to 70's.) Short term up could occur soon, but it's looking like Trade Deal or other FA could be the only things to keep the rally going without a decent drop in the coming days-weeks)
Bear case: Look at that gorgeous reversal candle on top. Dragonfly doji leading to a down day. MACD looking to go red daily, and 3 day weakening. Could see where all tf under daily line up on MACD and see a big drop seeing as 2 and 4 hr just turned red. RSI and MFI overbought.
Possible supports (gap support excluded, baby supports included) in blue. Black trendline 3 points of contact, will see if it breaks this week and holds.
Bear case: Look at that gorgeous reversal candle on top. Dragonfly doji leading to a down day. MACD looking to go red daily, and 3 day weakening. Could see where all tf under daily line up on MACD and see a big drop seeing as 2 and 4 hr just turned red. RSI and MFI overbought.
Possible supports (gap support excluded, baby supports included) in blue. Black trendline 3 points of contact, will see if it breaks this week and holds.
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