Simple's Green Room

[pennies2007]

When price starts slowing down near a key level like AU has, I normally expect 2 to 3 days of pretty much non-existent movement, especially after a sharp surge. So this would be the 2nd day and Sunday might be the 3rd day at best.

The first of the week is going to make the market crap or get off the pot because it's out of room in the current pattern for the most part other than an arbitrary spike back to the trendline.

That being said, I have seen them ride the trendline for a bit before breaking down also, so we could see a couple of trips back and forth at the edge before it occurs.

Either way, it's running out of time.