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Back to The Scene Of The Crime

All About Trends’ Mid-Day Update 

Courtesy of David, All About Trends 

"Back to The Scene Of The Crime" and seven days of nowhere but volatile trade to show for it.

In the mid day update on Wednesday we said:

"Right now? Red lines are resistance. You can see even if we break the downtrend channel to the upside we still have the 1100 resistance level to contend with."

Zooming in to the one minute charts we see the "Back To The Scene Of The Crime" and of course an ab potential c upswing too.

Moving on to the daily charts we still see resistance and overbought territory in our indicators (Full Stoh’s, RSI). 

So really what’s there to do today? Nothing except play a push-me, pull-you mind game; it’s an exercise in futility. 

*****
In the OUCH dept. today we’ve got NFLX- Netflix

Big picture: You guessed it, a MONSTER head and shoulders top with the neck line support at 90.00 per share.

 

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