I posted a little earlier about how we are sitting right on the Daily 100sma, which on the two previous occasions sent the price back up, in Feb, and again towards the end of March ( shown by the two yellow arrows ) and that we may now see a reversal to the upside. I've had a look at the weekly chart as well to see how we are looking for another sustained upward move from this level, and as you'll see from my chart, the momentum is clearly now more to the downside than it was in Feb and march. MACD is now falling, which does not necessarily indicate that we will fall further, but it is a signal to sellers to hold their positions. My MA 50 in green , and my 65, have narrowed in to each other and are now above the price, another indication, according to my methodology, of increased downward momentum. I guess we'll see this week which way she goes, but it wouldn't surprise me one little bit if we drop a good deal further.
Attached Image (click to enlarge)
... yes Billy. You're among friends now... 
... I think?? 
.... ATM I'm watching this area too, has been a decent drop from multiyear highs....looking for long positions targeting highs again..will have to wait and see some more... Regards to you as well
