A perfect short set up as the index just broke below the 50 MA and the minor neckline
Updated chart. Bounced right off of 15 MA and 1200 support
Ready to bounce here
This is an update from my previous chart. RSI hit my target in teal color. Please see previous post
Currently in ascending triangle. A break above the resistance will leave room for filling that 383 gap
PT of $8.00 from the support bounce
Further downfall is on the horizon. Long use stops.