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07/24/17 12:43 AM

#5017 RE: BAA_Up #5016

could see some consolidation for a while

The weekly chart with the moving averages makes it look like it wants to chop up and down across them until they converge closer together and then will break out one way or the other, IMHO that will be the next big move. Not sure which way at this point. Until then, got to be good at scalping it seems.

The weekly dollar chart looks like it could be coming into a support level and possibly bounce off the purple 200 MA. It is getting pretty far below all the other MA's as well.