Well I was wrong about you having a nice day today, sold it off from open. It's now back inside the upper bollie so all is not lost. (I did mention that I thought it had gone to far)
So the breakout level was .087, many times after a breakout, there is a back test to the breakout level to test support. If support is found, then the SP bounces into a nice little uptrend. Might sound like a fairy-tale story to many but it's how it works in hundreds of examples when there's big breakouts.
We'll see next week.
Cheers
For loooong investors, the weekly is the most important for you and this looks great and here's why. The SP closed above the bollie median level and has now completed 5 weeks of higher highs and higher lows. Plus, MACD is looking like it wants to cross to the positive.
PYC Price at posting:
9.3¢ Sentiment: None Disclosure: Not Held
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