ATS Chart, page-25

It’s been a pretty solid run down from the time of my last post back in August.  I was waiting for a retrace and bounce off the 50 SMA but that didn’t happen.  The SP just continued down after breaking the 50 SMA.  I don’t pay that much attention to gaps but I’ve been told that they can and sometimes do provide significant support/resistance levels.  When the SP hit the 29c level it did infarct close the breakaway gap from back on 29/01/2018.  The SP has bounced off this level and now seems to finding support at this level.  The next lower support levels would seem to be around the 24c and then 20c levels.  The momentum indicator is now trying to move up from a heavily oversold level.  The positive divergence that seems to be forming between the SP and the momentum indicator suggests that the 29c support level may hold.

  
All IMO – Good Luck Everyone.