Place a horizontal line a 293.50 .
Look at that price action since last october, also 293.50 is our double bottom neckline.
Now add the yellow trendline support and those intersection should meet.
Should we break 293, then 287 gap is close or 21ema is the next target.
Futures are oversold so there maybe some chopping, but un less we regain 303, we are headed down. 302.70 is over head resistance
Look at that price action since last october, also 293.50 is our double bottom neckline.
Now add the yellow trendline support and those intersection should meet.
Should we break 293, then 287 gap is close or 21ema is the next target.
Futures are oversold so there maybe some chopping, but un less we regain 303, we are headed down. 302.70 is over head resistance
Comment:
If we break back over 303, we can go retest 305.50.. like I sad , futures are oversold so you could see a bounce
