Mild RSI/MACD divergence on the 2D chart -- may break thru! Looking at the candles going back a few months, we've got a nice broadening ascending wedge (watch for H&S formations). Flirting with a double-top right now. I'm content to sit back and wait for a solid re-entry somewhere along the lower support line or we reach another over-sold zone. Thinning some long positions that look overextended 300 days to present. While the index is prodding away, we're still riding many bearish patterns in the basket of stocks.
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Patiently waiting...
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Looking for a sharp rejection of $391.30 tomorrow. Might make for an interesting (and brief) short entry:
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*Yawn* Another ranging week. *Taps foot to speed up the price action of the market* Nothing says BUY BUY BUY. A few bounces here and there for quick intraday profits, but nothing I want to stick in the vault and hold.