We have another bearish flag that was followed by strong bearish volume. Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.
Comments
jmtbernardo
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I took my profit out near the support (green line) near 162.76
QuantitativeExhaustion
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jmtbernardo
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I will become bull once again when takes it takes out the previous high 165.50