Finally broke the downtrend line, now will it hold?
Looks like the downtrend was finally broken at just above $40.00 on my chart today. Crossed up and below it all day. As long as we stay above $438.50 we stay above the downtrend line on my chart. Would really like to see this get above $445 next week to be sure downtrend is done.
Looks like we are going to stay above the downtrend resistance. It would be nice if we could go up a couple more dollars earlier in the week and completely obliterate the downtrend line and finally start setting up the uptrend lines for the next few months.