Heres my take on the charts. I can understand why some people would bank on this to go down to previous low. But it seems that the Southerly Move is running out of steam.
SP has bounced off the Bottom Pitchfork Line.
MACD's look like they have begun turning.
Stochastics the same...
Nearly Oversold.... Well, more oversold than overbought.
Light blue boxes highlights the gaps created recently, which i presume would get filled.
IMO
Heres my take on the charts. I can understand why some people...
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