Ford, daily
Summary
The bulls will be looking for a break over $10.75, that seems viable, so long as the main market holds together - although I'm guessing we'll see some general index weakness by the end of September.
The bears should look for Ford to be under $10 by the end of the month, if that is the case, its possible this multi-month up wave is complete, and then the first obvious target is $7. Of course, that would probably equate to sp'1200, and right now, that would be a very bold bearish outlook.
From a MACD cycle perspective, we're pretty high, and certainly due a pullback of some kind - perhaps putting in another bull flag, like we saw in late August.
Ford remains the last genuine car company in the US, GM could certainly a few things from them, not that that GM wants to learn anything from anyone.
