Notice that the Parent Trendline from the Base is still Intact.
The three major acceleration lines are not broken yet. Any breakout above the red line at $104.06 would be a good bull situation. Counting on the overextended Biotech for the run is quiet unreliable at this point of time. On the flip side, the Acceleration 3 line breaking would initiate a Down trend with consolidation to follow (trend transition period), That's enough outlook for now.
Counting on Techs / Energy. The renewable energy fever is fading like the Global warming crisis. The Dollars are extended, which should positively impact local companies.
GOLD currently has a inverse H&S. will cover that in the GC chart.
The three major acceleration lines are not broken yet. Any breakout above the red line at $104.06 would be a good bull situation. Counting on the overextended Biotech for the run is quiet unreliable at this point of time. On the flip side, the Acceleration 3 line breaking would initiate a Down trend with consolidation to follow (trend transition period), That's enough outlook for now.
Counting on Techs / Energy. The renewable energy fever is fading like the Global warming crisis. The Dollars are extended, which should positively impact local companies.
GOLD currently has a inverse H&S. will cover that in the GC chart.
Uday C Santhakumar
