Tomorrow we'll know. Showing an obvious head and shoulder and is sitting on the neck line. This H&S if breached could bring us to 425$ before I think we'd get a technical bounce on being oversold..
On the other hand , we could bounce off 434 here and rally towards 440.
Technically falling outside of a wedge should bring back to sub 400 but even in corrections you have pullbacks and retracements for that are important for day and swing traders.
3 catalysts to watch for
1. XLK tech sector (Its oversold on Bbands )
2. GDP and job numbets
3. Debt ceiling raise
On the other hand , we could bounce off 434 here and rally towards 440.
Technically falling outside of a wedge should bring back to sub 400 but even in corrections you have pullbacks and retracements for that are important for day and swing traders.
3 catalysts to watch for
1. XLK tech sector (Its oversold on Bbands )
2. GDP and job numbets
3. Debt ceiling raise
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ContraryTrader
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