Weekly Recap 4-11-2014 – Red Red Wine

Red Red Wine, helps me forget… well this week helps me and I guess others remember 2007, and I have to admit that things don’t look good, you may want to take a look at this post from last month for my bearish scenarios.

Bottom line we will probably have another red week this week with resistance around the lower channel line or the weekly trend line. This is probably the bull’s last chance of saving this upward trend.

I will still be on the road this week and probably a couple of weeks more, but will try an update as much as I can.I

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2014-4-11 Weekly 2014-4-11 Daily