KL respects the 50 crossing 20 ma. Bot directions. What i mean by that is if it crosses north , You most always have a Short term bull run, and like wise headed south followed buy a bear trend. Using the cross for where to gage my stop. Usually 2 ATR above.
strong support here but the head and shoulders pattern is well defined. while the pattern could be rejected, i expect the news cycle to push this one way or the other. i feel we may see dips as low as 26k. or if news get real fuddy we will see 20/21k
