The chart is BEARISH especially as we go below 184 key support that has been tested twice.
Note that the bounce today tested the expiration level from last Friday.
The orange lines are the rallies off of the test of support, so you can see that the last two rallies are very weak relative to those.
WATCH OUT BELOW 184. It could get very ugly, very quick if below 184.
Tim
2:46PM EST, Friday, March 28, 2014
Note that the bounce today tested the expiration level from last Friday.
The orange lines are the rallies off of the test of support, so you can see that the last two rallies are very weak relative to those.
WATCH OUT BELOW 184. It could get very ugly, very quick if below 184.
Tim
2:46PM EST, Friday, March 28, 2014
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.