10/04 RSI on the weekly chart sees the fast stochastic bar...

10/04 RSI on the weekly chart sees the fast stochastic bar trending sharply up and about to break through 80. This leaves it plenty of room to move into overbrought territory if prices breaks 150. Momentum on the weekly chart looks a little divergent as the recent high of 151 only registered a mediocre climb in MACD and ended below the majority of previous weekly price high related MACD reads. Notwithstanding this weekly MACD is still trending higher. On the daily chart yesterday's candle is supported by the 50 period EMA and sits just below the upper Bollinger Band which is trending sharply higher. The 15 and 200 period EMAs are trending up. RSI on the daily saw the fast stochastic bar cross over and trend sharply higher. Momentum on the daily as measured by MACD is trending strongly up. Preopen demand is approx 1.3m versus 0.5m supply. Clear resistance in place at 150-151. Daily pivot is 1.4917.

Shorts information not yet available.

Come on bulls take confidence in the millions of shorts between 148 and 150. If they have to cover quickly this morning the resistance at 151 will quickly disappear and we will make history.