DislikedWeekly chart also bounced hard and quick off of old support turned resistance @ 9570 level yesterday adding to the case that my last post is not likely to follow through. Still interested though to see how this divergence plays out. If I were to combine it all into one package deal, I would say that the divergence will play out over the days to come, perhaps even with a close of the week in the 9800's - followed next week by a strong move over the 2.0000 level and then quickly retrace below it after reaching 2.0130 on a huge spike. This should get whatecer specs are left to short side long, coupled with major divergence. Then we will see a strong sustained move back down to below 1.90000 as no more specs to buy, coupled with tax time seasonal effect.
Or if we can break down through current levels, 9200's may be in the cards for this week.Ignored
If cable can negotiate this debris we should see a significant down trend today possibly 1.9400.
Just my 2ps worth..
