Unless the RSX can climb back above the $24.50 level, the chart will remain in an extremely weak technical position. If the RSX was to break down lower, the next major levels of support are; $18.05 and $10.31. The border line in the charts has already been crossed; bulls and bears are already at war. As traders all we care about is whether the weekly can be recaptured. If it fails to do so and breaks down, it will be the result of a major escalation and possible war between Russia and Ukraine.
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