Why double bottom at 93? Because the sellers at previous day low are too powerful to deal with. Having a double bottom there at 93 with neckline at 98 creates a move to jump up to 903 area so that later previous day low would hold. Edit: 899 was previous day low
Top reached and breached. Next is the fight to hold previous day low and force for a run up to 50% of yesterday ... again
You are PAINFULLY unaware of his position or the result of his trading since November. He has to close his short below 770 just to break even. And that means that he hasn't made ANY money since November... But I am sure he is VERY relaxed... Had he been less relaxed he would have doubled down above 930...
Bigger picture of things: 903.25 will be level to watch on the close. this was dec 31 close. why important? over the last 35 years, if the stockmarket was up first 5 days of january, for 86.1 pct of the time that year has been a bullmarket year.
That is media worthy news for the public. But statistically it is not significant due to the wild swing in terms of % changes in yearly high/low.
Alright, I'll give your boyz half-credit for running the ball this far. It's a make or break deal going forward as 900 serves as a linchpin.