60-minute TRINQ is in a falling wedge out of the 17th (no time to annotate it right now)
stockcharts.com[h,a]eaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14!Li14,3]&pref=G
It breaks to the upside if we have a TRINQ above 0.40 tomorrow. The selling may resume if that happens.
15-minute TRINQ has some pretty pinched BB's.
stockcharts.com[h,a]gaclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14!Li14,3]&pref=G
Translation? Probably a big move early tomorrow. All charts 60-minute and shorter are overbought. The indication is that we will see selling tomorrow early, and possibly a resumption of the downtrend. |
