Looking at the weekly chart we still have a few points to rise. I expect a slight pull back abut entering a credit call spread now would be pre-mature. We have a HL on MACD indicating another push to the downtrend line and MA20, which is around 845. It's now sitting at previous support turned into resistance. I Hope nothing just watching price action and trading what I see. It's also at 50% Fib retracement.
Thursday, 19 March 2009
Getting ready again...
Looking at the weekly chart we still have a few points to rise. I expect a slight pull back abut entering a credit call spread now would be pre-mature. We have a HL on MACD indicating another push to the downtrend line and MA20, which is around 845. It's now sitting at previous support turned into resistance. I Hope nothing just watching price action and trading what I see. It's also at 50% Fib retracement.
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