Dislikedsure.. we quite often bounce after some even after break. but this is the 3 rd time.. bounce should be weak. if 1522.40 is broken.. even a weak bounce can be 100$.. it may have already bounced earlier this week.. its support until its not. when its not.. short the tops.Ignored
Yearly= White...Monthly=Purple...Weekly=Red.
The Yearly (YTEMA) has just turned south for the first time in a LONG time...AND...WTEMA and MTEMA are both below it...
The last time that happened we were here in a $250 chop zone. Big move north followed...
The last time they convincingly cross YTEMA was from below, and it was sub $300 (2001)...
Interesting time.