I was screwing around with the weekly chart, having some fun and I figured I’d post it.
I took the liberty of drawing next week’s weekly candle – actually I should say “projected range”.
Keep in mind it’s just an artists rendering of a potential “bounce-back” range I can visualize after a few too many drinks so don’t hold me to it. We’ll see how close I come next week.
Click for full-size
Even if we bounce next week into OPEX, that doesn’t change the nature of the overall picture.
Until we are able to take out the weekly pivot high candle at 2111 I shall henceforth err cautiously and quietly ambiguous of shares in the medium-term.