May drop to lower support zone
Updated
Finding tentative support here. Could bounce, but it's also very possible that it breaks lower to the next support zone around 512.
If buying here, place stops just below this zone. If stops trigger, wait for which direction it continues moving, with buys in the 512 region if lower, or wait for confirmation above this current zone (575-ish) if goes higher.
Otherwise, wait for the
If buying here, place stops just below this zone. If stops trigger, wait for which direction it continues moving, with buys in the 512 region if lower, or wait for confirmation above this current zone (575-ish) if goes higher.
Otherwise, wait for the
Note
Bounced, but heading lower. Will it bounce gain, or follow the rest of the market south?It's making higher higher and higher lows on the short time frame.
It could ranger here or dip lower and ranger between low 500-s and 570, before any major moves.
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