Looking at the chart, I think it will hit $72 before it hits $90. I came about this by simply connecting some dips and extending the line. I think the past two days in the market are a shake out where it is telling people they need to pay attention to the risk as well as the reward.
People have been getting a seemingly risk-free ride on metals and oils, and small and mid-cap stocks for quite some time. So I think there will be a shakeout before we go higher.
I think Monday is down with small-caps leading the way down, especially small growth stocks.
agree totally we see 60s soon the chart broke i posted that americanbulls posted a sell on tie on thursday and they are hardly ever wrong nasty chart now look out below cause they will be dumping this overpriced 40x earnings stock heavy JIM CRAMER even said unload went way to far to fast