Lots of intuition and past 2014 breakdown tell me to short at 7050. Will see...
Forecast today: going short at 7050... in 2014 it also was rejected at 20 MA on daily - I couldn't ask for a more perfect storm - and 23.6% fib to match up with 2014. If it breaks above then next red area of ascending pennant trendline. If breaks above that, great - we may be in larger consolidation trading range.
Resistance at $7050: 1. 20 MA daily 2. previous 7050 low 3. 23.6% fib retracement from 10k move down