Quote from jllm03:
Broke above the 200 day MA..I do not see it going above 415. Looking at the last two tops we are trending down and that level should be near a point for it to pull back.
CCI 14 hit above +300 so it should start to come back quickly.
Quote from bttweb:
mmmm not breaking 415?? ...check again
415-420 on the chart was the point that I thought it would pull back and it did.Quote from jllm03:
certainly did break it...but can it hold?
I still would not look for it to go much higher. 425 area may be the top of this run.
I entered into a Call Credit spread today (s 460 / b 470) looking for this to pull back. Last two runs it made in the past 6 months, stopped out at the 425- 430 area. The second run peaked lower than the previous one, thus the 415 prediction I made.