Uptrend finished, lasted 6 full months, and now sideways or range trading. What we dont want to see is a down trend start . it's been closing at 1c more often then .9, so I'd say the next leg is up again..
This is just basic stocks doing there thing as no stock ever goes straight up, what this sideways trading does is allows charts too cool down and weakly chart to drift into over sold which if you look it is now.
The next leg should push us past 1.8 resistance and i to 2c region.
Also, anyone who's been around a while will see this is being accumulated. hence, there is no down trend. I've seen guys on so many stocks carry on like our trolls here but have been buying themselves the whole time.
Trust no.one on here, even me, but do trust the TA..
SPX Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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