Sirius XM Holdings Inc (SIRI)

[dmlabuda]

Nothing has really changed Joe. SIRI is still trading inside the rising wedge. The small Intraday Double Top I pointed out on the 60-Minute Chart failed to be a true top formation but, on the 60-Minute chart, that happens a lot. Looking at the Daily Chart, I sill believe that prices will drop sharply lower due to the Rising Wedge Formation. On the Weekly Chart SIRI is extremely Overbought and could drop as much as 33% to 50% in value and still recover into an uptrend. It's the equivalent of taking a rubber band and pulling it to extremes. It will always snap back. The market is very top heavy here. What can I say?