ZB uptrend end 20190402

Today with manufacturing PMI at 55.3, better than concensus, ended the uptrend since March 7, 2019. The sharp pull back is now oversold in RSI and KD. Further selling is not recommended. Since recent uptrend was strong, this pull back is more likely to form a sideway range 148~150'20. But a weak rebound might suggest a ABC correction further below today's low 148.