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Saturday Review’s recording (for 11/11/17) …Warning shot. – If, Then… Market Timing

Saturday Review’s recording (for 11/11/17) …Warning shot.

Assuming the week doesn’t begin with a collapse, the market remains within the orbit of last week’s highs. And there’s room for noise above those highs. But market’s behavior and measurements have been distributive, or at least reflecting difficulty in attracting new sponsorship while existing sponsorship’s targets are met. This week’s Saturday Review discusses the setups and price levels that would indicate which path the market is taking, and where those paths are being abandoned.

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The following stock requests were reviewed in this order:
GE, ARNA, AAPL, AMD, BABA, ORCL, TSLA, NVDA, MU

transcript:
good morning and welcome what happened to okay it is okay it’s time for Saturday review interesting interesting week one of the metrics apparently I don’t keep this this data or these data current but apparently this is the first week in two months that has been in Decline which doesn’t mean a lot in our stuff not so much as what actually was accomplished during the week because nothing really was sellers didn’t get anything done buyers got more done and sellers by being patient by letting sellers have some room to express themselves now. That’s not to say that the point to buyers being patient in this particular case giving sellers room to express themselves I eat wrap themselves necessarily in this case means we’re about to launch a new big bull leg you can see we’ve been pretty much in a trading range since the beginning of November two couple weeks it can also mean and as I’ve been suggesting what it does mean is that buyers are really at the bottom of their sack of tricks to keep any sort of upside momentum alive for instance this week they left outstanding Gap back to Wednesday’s close Wednesday’s close and potentially also a new Lil beckstrand extreme that formed after Wednesday’s close in the Fulfillment of the afternoons Wednesday afternoons bicep Target that have been left out standing at 25 9450 that was touches actually attacked overnight touched touched again and then the overnight slide to Matic overnight slide that was even that’s 19 points and then an extra point into the open right here before bounce and then to 20 points and then another 20 points much more into the noon hours low the noon hour is low right back down to 25 6375 the significance of that I’ll remind you of in a few moments but the point being here that there’s left outstanding this Gap was created by opening under a prior low opening under the entirety of that section that contains the Gap and it helps to break free from its momentum but by the close it wasn’t actually rejected the gap down under Wednesday’s low Thursday’s Gap Downunder Wednesday’s low doesn’t matter that bounced back into it and Wednesday’s range at the close at Thursday’s close Wednesday’s range was for captured there was an opportunity to not recaps writ to stay away from it but the market couldn’t do that so there’s couldn’t accomplish that and so may take a while it may have already taken a while and I’ll be ready to recover but a recovery Remains the likely or scenario however temporary that it might be there’s still room for noise on retesting intraday retesting that is Tuesday Mornings HighTuesday Mornings High itself was really a actual test of 2590 50 which it already been satisfied toshow me within a couple texts Monday’s closed 25 1950s roll events coming back to that 2563 75 2590 50s relevance was is that it was the next higher objective put into play by closing above 2563 75 which was done several Mondays ago it was done several Mondays ago it wasn’t confirmed the following day the following day nearly failed to confirm it and this is really controversy in my own mind since 2563 75 is clearly recovered on Monday but I mean I’m sorry I’m Friday I think I said Monday on Friday several Fridays ago but on Monday the 2nd consecutive session the second consecutive session available to confirm it needing in this case being an objective not being a break out from a multi-session range which has a different confirmation rule the second consecutive session must close higher than the breakout session but in this case just to exceed some objectives and pattern objective only requires that the that the clothes that puts into play in the next hour jective not be rejected the following day so that was recovered several Fridays ago was on the cusp of being confirmed up being confirmed 2563 75 was definitely not held but by the difference of several ticks only through Monday’s close maybe the proof is in how that week reacted to not having maintain the close above 6375 but in any case the following Friday did recover to close web 6375 the following Monday did maintain about 6375 and it’s 25 9050 Target was Matt here the next Monday and thoroughly more thoroughly tested on Tuesday and always seen it 2550 the attack on the recovery to it always seen in the interim have been has been resistance but at the same time I’m leaving unfinished business above or leaving at attraction above so long as the market remains in its orbit and that’s what Thursday having closed back within Wednesday’s range remained in the orbit of the Gap back to Tuesday’s close making it likely to be filled neck and be off that can be done away with that attraction can be neutralized Buy closing under irrelevant support the thing is Friday had that opportunity Friday had that opportunity by 1.8% of Thursday afternoon’s recovery and still not closing lower breaking down the recovery has yet to close but Thursday and that’s been limiting buying pressure that’s been suggested influences Wednesday’s close which by the way there’s room for 2675 we could just say 2601 could be tested and still be considered asinfluenceshowing pressure that’s taking more and more of a toll on the pattern especially on Thursday there was no bullets reason at this point to return their 2563 7525 6375 having already been recovered through Friday and confirm through a Monday having already held as support which we can see here on a couple Thursday as well that’s her last Thursday and then even last Thursday was preceded by an overnight dip Wednesday night testing 6375 just no bullets reason to be were testing it after those tests that already produced a fresh High that’s not to say that 6375 is going to break when it’s tested but it’s at now giving us an indication that we are in a distributed phase that this is topping that but for the immediate setup of gapping Down Under 6375 and not returning to close within Thursday’s range of of 6375 in other words closing under 6375 would be the beginning of a potential 2-day set up that could also get it done reversing momentum down or the likely scenario because of the hesitation in Breaking lower into the weekend when it would have been very opportunistic for sellers to do that and they didn’t or couldn’t the likely or scenario then which is to fill the Gap probe fresh eyes finish topping backing and filling Distributing and then break 6375 again this week after the prior test support at already been productive with the new high that this is all in the name of a bigger top and we’ve been here before and the market continually has found ways out of that not always it’s going on with the bigger top and put in the bigger reversal and bottom and resume the rally and that maybe what happens here as well one of those two scenarios either making it out of the woods here or or putting in the bigger reversal whether it be through price or just the extended amount of time spent backing and filling there’s an instance of a top penis with price resolving down and getting it done another copy pattern this was a lower high left a retest of the high outstanding but that didn’t prevent we’re back in 2015 now that didn’t prevent this is back when if you’re new to to the markets this is called a down leg may not be familiar with these anyway but took care of a correction in terms of price the traditional way but it’s a pretty obviously so we’re just waiting for the engineer’s to slip seasonally bullish influence of a holiday the holidays like Thanksgiving and ChristmasHalloween in April Fool’s Day still not known for that effect but yes there is that seasonal influence of Thanksgivingcoming into Thanksgiving several weeks away or just a couple three weeks away and that’s a seasonally bullish Factor not for good spirits but for the lack of participation more so on Christmas because it’s a global holiday but still someone on Thanksgiving because of the dominance that the US markets still have not dominating but a large portion of the markets and so what its participants are otherwise occupied then they’re less likely to take up trending so as we discussed last week at the market is going to correct itself for cheap in its shares basically a constructive mechanism a tactic that it takes from time to time call the correction so that it doesn’t get into a bubble or blow off top that has more damaging ultimate correction then it needs to start getting it done and this may be the beginning of getting it done and I’m glad you said that now because I wanted to point out on the timing aspect I don’t want to go so far as to call the cycle but you can see the cyclic ality here and hope hopefully that answers hopefully that answers the likely next question is can we get back to the house finish that topping neutralize the attractions above like the Gap back to Wednesday’s close potentially the noise of to 2601 and still have time because this is pretty much the week that has to get it done as to get a down swing in place into the following week ahead of Thanksgiving and so looking at me or the measuring these moves the seemingly on the 2nd for instance that was it and then within a couple of days right back at the high and higher and so there is potential the cycle is telling us with the pattern of the of the dips and recovery and there is time to get that done pretty quickly and if it’s not being done right away and impatiently that sellers are acting or that buyers are letting them in other words gapping down under Thursday’s low under 6375 already taking it out already heading to those pull back or corrective targets that we discussed have been discussing the last couple weeks lower prioritize for instance just a moment of this leg so anything that puts us down into the 2510 or 2500 area it’s kind of difficult to get that done to that degree if it’s not already on the way pretty soon next Wednesday to the day before Thanksgiving so that would go with getting a fresh high-end first that’s a great point then if that’s valid or to the degree that turns out to be any kind of initial strength on Monday preferably by gapping up not just above Friday but above Thursday’s range Wednesday’s rangein the Monday’s open will take very seriously for being able to extendthere is a new trend High clothes that’s sort of outstanding it’s not a requirement at this stage for being Within a prior range we’ve got a couple consecutive though opportunities for new trend I close that were within a prior entered a range so they’re a little suspicious but I’m giving still the benefit of the doubt to them being fulfilled so don’t want to see just a very quick uptick or blip up rejected the same day and then and its resolution down I don’t want to see that resolved by gapping down because that just leaves the attraction above not for the purpose of a bigger top but for the purpose of inserting a very aggressive down leg we talked about this during the mostly during the afternoons but there are some setups that have specifically this week happened during the mornings that were very likely to resolve in One Direction because of a number of factors at during those particular situations and then as I presented those ended with the caveat that because they were overwhelmingly likely historically based on these factors to resolve in One Direction don’t dismiss any counter-trend action because in these setups that are likely to resolve in One Direction if they don’t typically that means that there is something very substantial behind it to be able to push that hard against that preponderance of evidence and One Direction and it does tend to be Steep and if the market decides it doesn’t want to or can’t or it’s gotten too late to put in a bounce first neutralizing the outside attractions it will have to do that to the downside as steeply aggressively impatiently as possible sudden Steep and substantial but the point is being disproved in this instance means a very sudden snap until the end of the year measurements not so much I don’t think this is a major component but you know we look at Facebook is up there looking at the things Netflix you can see lower high maybe the beginnings of Divergence Amazon clearly a leader apple is fight back but I should point out another matter that it is hitting a Target in here Tesla up here but also so pretty much led by just a handful of stocks so answer the question or finish the question weather fund manager I don’t know specifically to that but if we get a get a downdraft in then they’ll be able tobut if we can get back to 2525pre-thanksgiving into and out of Thanksgiving by the way that’s a lot of a lot to ask of them to be able to bring it back into pie or above prioritize but it still gives them plenty of discount to be able to do that or to be able to chase the highs getting to hire prior lows in other words so I don’t know what kind of influence they will be in it so I think a lot of it will also depend on what sort of earnings expectations will be having for January’s quarterly or annual actually results the comparisons and then get into stocks individual stocks so basically lets get a focal point on ES that’s our control group it’s not really a great head and shoulders pattern but let’s just refer to it as a head and shoulders that they want to put out this high or low that’s coming off this upslope that started getting volatile lower low higher high Sun expanding triangle into a complex Head and Shoulders that’s what they choose which are they speculative version got that upslope speculation to the rest took a pause while es was extending higher but is come back and come back with a vengeance here’s that upslope and upslope in the ES that’s so different and then cues what’s really different though is this versus that and kids are definitely out performing and remember Wednesday’s close in es was a lower high speculation still alive and well or resurrected at least big money goes to to get safe when it has to be in stocks but wants to be in the predictable also the upslope butt when of course ES was consolidating and it’s expanding triangle when to use were in a down slope that’s when the Dow is getting a lot of its best business from Big Money it was at the expense of the Dow and since then the Dow has been flattered or underperforming still holding on not reversing down but we can see it really hasn’t had it in a whileor maintained any games where is not with the Dell which did make a lower high on Wednesday didn’t recover back to the morning Sky Thursday afternoon so does that mean that there’s more distribution in the Dell is that distribution cuz it’s some point keep in mind this isn’t just a game of musical chairs on the way up there only two of the indexes let’s say can be seated at a timebut the players get to stay in the game at some point the chairs do get taken away and it some point all three do you need to turn in the case of Correction or reversal of any sorthow does something like this end do we expect the Dow as I do expect the queues and he has to follow suit while the Dow stays depressed or suppress waiting for them I actually know what I’ll be looking for is under performance Suddenly by the day when the dad tries to get back in line and I don’t mean to say this is Monday but maybe it’s Tuesday in other words something fairly quick but the point here being about the timing just the relative time and relative to nq’s and DS and that the dad does get back out to the high tide it completes its it’s retest of the eye along with the es along with them kids that’s typically how these turn is the signal and then they combine in unison again they get on the same page and make the turn in unison as well and then the musical chair game for Zooms in the New Direction so I’m not expecting the down to continue underperforming itself but to struggle with a fresh high and then to reject a fresh high or retest of the high and anyway with one exception and that’s the that’s the gap down or break under Thursday’s lives so the Dow closing closing under Thursday which is that 2563 75 and then also and q’s closing under Thursday’s Lowe’s which is a little still leaves room I would imagine I would expect actually not just imagine that if the Dow and he has both were closing under Thursdays Lowe’s gapping down or otherwise that nq’s would be taking out it’s combination of lower lows is taking out the 6061 91-95 as well in the same session so pretty ugly session so let’s reverse-engineer going to be so dramatically off the immediately negative day that’s easy is closed under 6375 just his last relative low but because it’s a because it is a high or low or approximately higher low that it probably takes out its prior low as well but we’re expecting on that day if in fact that they were 6375 they were too close under Thursday is low but also under its prior Thursday low what do you think would have to be a company that fundamentally headline wise we have to be single getting killed as well so if we’re seeing that in the headlines and Thursdays coming so long as is underperforming which it’s not now but would underperform here’s and Qs a performing relatively but clearly getting wake up call or warning shot but if I were to come back and they all got on the same page againspeculation performance suddenly goand they’re all free to turn down in the end you know as soon as well alright so not looking for any kind of weakness any kind of overnight weakness on Sunday would have to be pretty shallow pretty shallow remember one big Point here to make and then we’re going to go to stocks is what happened on Thursday at the low this was a very big deal and unless you’re looking at the timing windows and know what the pricing is it’s not going to make a big difference everybody can look at this and see a low okay Trend change okay but as we were looking for it the next large active basically under 25 8025 then next large active which wasn’t put into play as a renewed bias down but the bias down Main was maintained the next little bit of under 25 8025 was 2570 can we got to 2570 right before noon actually stuck 2570 25 same thing in this instance was entered testing 2570 and the new tower was exited not just at 1 but 1 through 120 the new tower was exited a little bit here but back about 2570 and there was an interim low and that in itself forgetting the pricing that 2570 happened to be relevant to being the next lower objective that in itself is structurally entering and exiting trending session at the new entering the noon hour and exiting the noon hour turn during a trending session off input signal low not always but intraday had that low been requested we have had a high degree of likelihood that it would hold its test and basically catapult backup that didn’t happen of course that would have been a very significant bottom that would have trapped a lot of shorts didn’t do that but now let’s throw in that we do know that 2570 did satisfy a lot of sewing pressure was a relevant level and the noon hour the whole basis for that setup is at the noon hour isn’t otherwise irrelevant timing window so it reflects weak handed selling pressure that weekend is selling pressure got to 6375 and other relevant level when they weren’t going to get anything done that was a pretty big turn that doesn’t mean it’s going to hold forever instead it tells us if it’s ever tested it had better be recovered pretty quickly through a relevant timing window or we’re gone the support there is history if it’s not dealt with correctly in this is what brings us to the potential for any overnight weakness Sunday night Monday is open his replacement potential back into that range 225 60 850 down to 25 6675 his potential down there and there’s 2570 the relevant level of support I wouldn’t expect if there is any weakness under Friday’s low that it’s nominal I would expect weakness under Friday’s low to actually get us down to this rank and here’s the problem if this 2570 range is probed but not rejected not recovered through relevant timing window we are goneunder 25 70 it better recover backup of 2570 presumably from in this range through a relevant window so overnight if that’s tested and we greet the open bag of at 2570 will be very much looking for something very substantial I am drawing this to scale by the way this leg very substantial Ricochet effect slingshot effect from here through this room and tell me when you’re coming out of the open or if the morning the Vias environment where in the climb and exited back above $0.25 to get that done that as well probably not later in the day later in the day there’s other issues that come into play if this is going to be done it’s probably going to be done early if that’s done early tested and recovered substantial very brief rally underway that’s the deepest that I could see Sunday night dipping let alone Monday morning and still keeping alive the attraction back to the hives under there we’re headed likely to closing under 6375 potentially down the 2510 2500 any other questions please go ahead and post them we can get rid of this what a question I never going to be able to answer specific question what might be another things on the horizon that are not priced into the stock the question I can probably answer or address at least is whether there’s enough sufficiently discounted in the stock that getting past the initial e- need York reaction to such news if we want to specify then like the dividend cut would it likely hold and we’ve got a couple reasons to suggest as much but not a lot of reasons one reason is I know it’s a higher price low but I think we did this measurement then we look at that store this week how old is 6118 through the close it held its room for noise intraday so basically qualifies by proxy as a double bottom held these lower prioritize so yeah if there were in it and initially negative reaction to such as cutting the dividend I would expect it to be absorbed down to 2010 20/20 this is pretty much a last line of support anything lower says there’s another down leg underway new Lowe’s as far as the calculation of objectives potential could take care of this substantial support to 1825that’s what I want to look at it again for theHenry covered started recovering that would be pretty bullish member we’ve got we’ve got a January effect season coming in so we start to see tax-loss selling it’s hard to see that get out of hand see if we can get some sort of pre-holiday Bounce pre-Christmas bounce and then one more one more sell off to whatever degree higher or lower just get another down leg in there it’s going to be tough this is at a multi-year low this isn’t just retracing rally for the Year this is under multi-year higher highs so it can be tough to justify ahead of ahead of tax law selling pressures of dating which this is not it that’s after Thanksgiving it’s going to be tough to justify getting along maybe into some sort of a crash if you have any other this was a big big highlight of mine that I’ve been sharing talking about going to summer nice pullback nice resumption of the rally but I’ve been pointing out that this rally has been resuming back to the prior High without volume really participating haven’t really seen any significant up surges and volume there’s one but it’s productive it’s not predictive that’s productive and then perhaps and then 29 being the highest objective here came into earnings or already softening ahead of earnings in earnings reaction pretty substantial this looks like a pretty aggressive and patient recovery I really can’t give it too much benefit of the doubt volume sinking again 29 and I’ll give that there’s something else going on but otherwise be very careful up here I do like the performance I do like the recovery indicating that it still got its its support its defense had to close above 29 that that defense The Defenders are getting getting very aggressive and they want to stand in their way I’d like to benefit from that but otherwise just to spend more time consolidating down here before trying to recover it would be would be more at least break out on as I stay on expanding volume not just price it would be a lot more confident Thursday as far as gapping down with them Thursday we won’t be able to take a gap down any lower than Thursday with any greater reliability of it extending down that’s not the only negative that there’s also a pretty much immediately any way to recover from that’s another fairly short termotherwisefor filling the Gap to Wednesday’s close and probably get up to 2601 alright Apple just update Apple this was a cell signal we talked to that set up back when iPhone 8 was being unveiled oh by the way I’m sorry I’m going to rest for a moment here iPhone users anybody here watching this or during the day logging into the chart room on iPhone that iPad iPhone having issues I know it’s been it’s been possible to use iPhone IOS previously I’m trying to figure out from what I’ve been hearing whether there’s something new out there or a new conflict of any sort that’s preventing accessing my iPhone let me know if you are if you had any experiences or negative experiences with iPhone or if you are actually successfully accessing iPhone or just not fine Apple’s iPhone announcement was optimistic because apparently because that you were able to use as a major selling point that the iPhone 8 allows you to access the chart room maybe there’s some other stuff and then it ran into the problems with the presentation not a lot of demand exploding in your pocket stuff like that to meet our pullback Target and the bicycle basically 173 to 174 50 which is meth volume starting to contract or has been contracting so is leadership goes keep an eye on Apple this move is done any of this because I just have a couple more AMD which we’ve talked about often but this up trending support with resistance this inflection point basically it was finally recovered and it’s most optimistic finally recovered a couple weeks ago still overlapping prioritize still within the range and got blindsided I’d have to say back down to support that potentially this is a paradigm shift that’s where trade lines can be helpful I don’t generally use other than to graphically illustrate the trend but this also helps that there is a new trend to a paradigm shift or if this is just temporary later if possible if this is recovered and if it’s recovered will look at this episode but has a necessary temporary detour but also when it makes this recovery attempt stronger one thing that got us into that was expectation despite breaking that uptrending support despite projecting that inflectionis the projection down here that was a couple weeks agoplay Daddy 1063 but closed back above 1098 which doesn’t necessarily signal momentum reversing up but to see the stock being so responsive to that pattern does give us some reason to at least suspect that this area is going to be defended that this is potentially just a temporary break remember in order to overcome a preponderance of evidence or elements in One Direction arguing for One Direction because historically that’s how they work out it takes something very substantial not an equal an opposing Force but something overwhelming like a Gap Town trending down relentlessly so that fits the fits the definition it’ll have to be rejected pretty aggressively as well so far here’s just a corrective bounce to the 38.2% they need to get out of 13 for confirmation sake but that speculative bounce may be a little impatient has been retraced to fill the Gap outstanding from the low very recently done that was Thursday and now Friday there’s really no reason no bullish reason to further delay a recovery if this is bottoming so the AMD is bottoming here if this is just a false break or if there’s a big bounce coming then it should be fairly obvious no later than Tuesday’s close should be retreating back into the weeks by weeks as last week’s highs and volume should be pretty aggressive assume some sort of news might be following that as well or a company that I should say to give it to me but in any case and then out of 13 can we look at it as a short otherwise because it is sitting at a high it is still in a range and if this is distribution then there’s I’d have to say six 7:15 to 6 so yeah break under 62 1060 wood Target again 7:15 7 and potentially 6 sub 6 Alibaba which I think I think that’s one of the things that are in the new Fang index the thing Futures Contract I should say Baidu Tesla Nvidia Twitter those are in there along with Facebookalrightokay trending up while overlapping we’re not getting complete retracements so these are this is accumulation I can’t call this a cell signal new highs or not a cell signal but in the event of a pull back there is substantial pull back from here from this formation this word a break higher and start trending up there’s 205 and 233 potential formation prior to breaking a fire where to react down there substantial support at 170 3738 under 170 there’s substantial support at 153 what 53 has to maintain has support to maintain the rally so there’s nothing about this pattern so all I can do is identify its next potential jective 205 and 233 and what pullback limits can hold and then need to hold to maintain that upside potential because it’s not a bearish pattern I couldn’t tell you what breaking under you know what the downside risk potential is substantial like 53 without seeing a bearish pattern to get there for the Paxil pattern that gets there right auricle any other stocks Now’s the Time Tesla another one that’s in that any interest in trading the Fang Futures index let me know I’m considering covering it actively and Bitcoin by the way considering it I don’t think you can just cover Bitcoin I think you have to cover two or three kryptos but Bitcoin is the one that’s going to be at Futures are going to be traded on presumably this next quarter this quarter Nvidia also in the thing index presumably it is extremely important support and just as important is now having been tested for a couple days there’s really no reason to further delay bouncing to fill this Gap at least 50 to 75 development to close after 65 for a couple days to close under it let alone two not already be rallying out of it 4865 a little deeper and still bounce and still like to see that because I would come from a position of weakness having failed to hold 4865 originating a recovery from there from below 4865would very likely would not be ablealright Tesla Tesla was it’s a very sloppy pad pattern always has been but I can do the calculations and it gets they all get probed and they consistently require a second consecutive confirmation and consistently those confirmations are pretty substantial when they happen but in any case we did have resistance that was finally taken out to the upside not so far as it could have been but do at least structurally produce a fresh High by the narrowest of margins are we test the prior I then again uptrending support not a predictive feature but still to reflect an uptrend that is broken that is holding his resistance all the while chipping away at support the next couple of support levels here being tested down to 290 to 75 so is this a big buying opportunity is there a slightly lower pullback objective in play like the 260 area what would tell us that this drop is done it really hasn’t rejected the gap down doesn’t matter that it has an extended it just hasn’t rejected it so it’s likely that we are looking at a deeper pull back therefore that the 260 objective can get met bouncing back to the 242 area is possible as higher Pryor Lowe’s but it would need to hold as resistance to maintain that downside potential I know it’s a big swing but it’s Tesla 4039 whatever touched but not triggered and not just not triggered but as an inflection point pretty big inflection right back uphi is this is going to get beerus anytime soon it’s going to have to it’s going to have to avoid getting any high tide it’s really can’t get any higher and still be bare I still have potential to get bearish without first extending to its 2:30 for the 73 Target which looks very much intact so you can use it or start looking like it’s falling apart it’s falling apart but it has pretty strong support down to 205 204 but meanwhile it’s Target remains intact at 2:30 for 73 micronis the kind of company I know I like to see where the handle begins pessimistically short of the cup scrimokay for for my Grande I’m trying to Maine’s intact I can see a project out to 5950 different resistance it might come into play along the way at 5450 10 + 5370 I want to look at Price action at those assuming that this does continue trending up or want to look at Price action there to assess the uptrends strength 4065 so maintain that 4065 it support if it happens to be tested and rejected pretty quickly within a couple three sessions and it gets everybody for the volume is increased by the way expanding remaining heavy despite Contracting a little bit did I get everybody let me know if I missed anything what if any others come to mind if not that’ll be it for this week’s Saturday review alright that is it thanks everyone for coming appreciate you taking time out of the weekend as always the chart will be open again tomorrow night for the Globex open if I don’t see you there I’ll see you Monday morning have a great night everyone take care