- STOP!!! This trading range has been a ridiculous multi-month sideways morass ever since the "Flash Crash" kicked it off. The good news is that, now with Labor Day past, Da Boyz are back from the Hamptons and may be ready to do something...anything. Out of sideways comes up or down...which one is impossible to know.
- The 1130-1040 area has been a wide and loose 90 point range (highlighted by the white horizontal lines). I took 25 points off the top and bottoms to identify the middle area and it yielded 1105-1065 (highlighted by red horizontal lines)...that area has been the "kill zone" for both bulls and bears alike...tough.
- The recent 3 day surge brought price right back to the top of the "kill zone" which coincides with the down trend channel line. Much of that move was accomplished via overnight gaps in a low volume pre-holiday week trade. So, I'm not putting alot of trust in it.
- Daily and weekly charts above. Not much to say....daily getting better but short term overbought while weekly is sideways. No real clues...except the fundamentals and they're not good.
- One day at a time!
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