27 Jun 2013

Prices pushed through the 75ma with ease but got caught up on the 61.8% resistance.  We should expect the resistance to be broken by tomorrow in order for us to reach the GAP to fill it. Just above it is a trend line and a 200 60min ma that are in sync and should act as a resistance.  The look we are looking for would be a reversal candle tomorrow and a divergence with the 60min Stoch.  We could also have an accelerated move down so we would have to stay cautious of the possibility of a fall.

Mid-Term: DOWN
Short-Term: UP