CCIV clear to go up. 27 resistance

24 ביולי 2021

Friday I was closely watching CCIV hopefully break the down trend line from July 1. Finally it cleared it with alot of bouncing near the low 22s and with volume to follow through. The time to jump in was Friday morning when it sold hard. This week I see it going up around 27 but will hit a hard resistance before finally breaking down. I see this going down to low 20 and high 19s before going back up. I recommend not chasing this and wait for the pullback because SPY, QQQ, and Nasdaq are topping out particularly some big names. I also see sellers piling in as big tech release their earnings even if the numbers were good e.g. the late April/ early May small correction. Good luck this week!