I have drawn whit dotted lines from the Volume histograms far left of chart showing key support levels.
If #1 around 176.77 holds (these are zones rather than precise, pinpoint prices), then expect a bounce to the gap above 183.50. IF it slices through, there is little below before 169.05, so if playing the long side, WATCH OUT or have deep, patient pockets!
I suspect 177 will hold, then a probe to the gap, then either new highs or a Daily swing down to at least that 170 level.
If you change this to a weekly chart, you can see that volume support is WAY lower down back to 2011 levels.
Time will tell.
If #1 around 176.77 holds (these are zones rather than precise, pinpoint prices), then expect a bounce to the gap above 183.50. IF it slices through, there is little below before 169.05, so if playing the long side, WATCH OUT or have deep, patient pockets!
I suspect 177 will hold, then a probe to the gap, then either new highs or a Daily swing down to at least that 170 level.
If you change this to a weekly chart, you can see that volume support is WAY lower down back to 2011 levels.
Time will tell.