As we can see these last few days have really dropped the daily RSI. I expect another dead cat bounce in the coming days.
If we can close above the 200 MA, and find support above it, I think this correction will be over.
The more likely event is that we close this week below the 200 MA and see lower lows.
Long @ 23600
Sell @ 25000
Stop-Loss @ 23250
If we can close above the 200 MA, and find support above it, I think this correction will be over.
The more likely event is that we close this week below the 200 MA and see lower lows.
Long @ 23600
Sell @ 25000
Stop-Loss @ 23250