Does it bounce above the 14.7line or
does it come down to range 12.9 to 14.5sh and (THEN) bounce up
Next day or two WILL be telling - do we have to go down to 1300 to bounce or might we bounce in reaching 1315?!
Interesting descending triangle, wedge formation... when might it break out?
considering it`s seasonality is best in Jan and Feb... it makes matters even more iffy for anything stellar into the 2nd best and descent month of June
At this stage, well poised as it pierces the 50, 200 EMA but perched for potential downswing
Strong selling on March 1,2 is suspect - events are stabilizing at this juncture (Cohn departure already fully factored in - UNLESS - consequences are more dire than meet the eye)