something to think about for monday, page-57

im looking at the 5550 area for a breakout to the downside of a large decending triangle..may be wrong, may be looking for something that isnt there...

but,

the last 4 or so days have all opened around the same area, traded a little higher or lower, but never really moved anywhere...id call this consolidation.

the RSI on the 30min and daily charts has moved into the oversold zone.

if it can break the 5550 mark look for a target of 5520, and if it can break this then look out below. 5520 has been a good support level recently.

sorry if this is an incoherent mess, but hopefully you get the idea.