many are looking at the 200 MA and others.
The one important to my studies is the 233-EMA here on the weekly.
I would like to see three consecutive weekly settlements above the 233-EMA to establish the latest low as a floor.
Just an observance as we tagged the 233-EMA and have held this week... staying cautious, but cautiously optimistic.
This could be a good spot to hold support, but of course a full retracement to the previous low is still a risk.
A re-test close to the previous low would be fine, but trading under it would not... that would bring 12k targets in to the picture.
Let's get some buying interest going.. time will tell.