SIX: At a very interesting spot
RSI overbought above 75.
Double top potential right at 70.50.
Nothing bearish at the moment, although I don't feel this is going to break 70.50 soon.
Few options here.
1. Go long over break of 70.50 with a stop under 70 to watch for false breakout.
2. Wait for it to base for few sessions around this area and then go long after some minor pullback.
3. Short at current price with stop over 71.
Ideally wait for couple more sessions and then take a position.
Double top potential right at 70.50.
Nothing bearish at the moment, although I don't feel this is going to break 70.50 soon.
Few options here.
1. Go long over break of 70.50 with a stop under 70 to watch for false breakout.
2. Wait for it to base for few sessions around this area and then go long after some minor pullback.
3. Short at current price with stop over 71.
Ideally wait for couple more sessions and then take a position.