This morning I would point your attention again to the head and shoulders formation that's possibly in the works: we failed around the middle of the right shoulder yesterday after hours.
However, also look at that second ascending trendline which I have marked with a brown line. I have momentum rising on the 2 and 4 hour chart, but negative on other intraday charts and on the daily: so the outlook is once again mixed both in terms of formations and indicators.
Were I trading today, I'd be cautious on either side. I need to run and catch my plane: no updates until Tuesday, have a great week-end!
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