The market has recently reached an oversold position as shown by the RSI
Indicator. This is also an area of a 127.2 Fib Extension of the previous leg down, and is also a 78.6 Retracement of a higher time frame move up. Also, this is a great point of a prior support and resistance
zone. I'm projecting that the market will hold this current level and rally to retest our most recent support/resistance
zone around 133.95's. Great profit if the market can make its way back up. Let me know your thoughts.