Just a point out that we are bouncing on 200 sma and people would buy this level being that the last quick drop was followed with a bull rally off the 200 day as well. I've placed a retracemnt to show that we are toeing the line of the 272 fib and I want to see us break that barrier.
Comment:
Short term Bulls should be careful of the double tap. A double bottom or ugly bottom of retesting to a new low. I had expected 1723 to show here sot red carefully.
Comment:
tred*