15 Minutes
The channel was broken at 446.1 eves.
At close
We are having 200 averages sloping downward.
In larger time frame 433 is important level to hold.
The last 2 days of sideways movement has brough all moving averages nearby.
For the moment
Since we have LH LL in place, and closure below all moving averages the retrace for the fall 448.52 to 445.39 which is around 447.4 level is a good level to watch.
If the low 445-445.39 is held bottom expect
If we do not have a gap today, then Thursday i am expecting a one-sided trend.
Since the Elliott oscillator has turned red, Stochastics black bar at bottom and CCI red i expect the 200 averages in 15 minutes being at 447.8 levels to give a good resistance.
I am not trading today.