After breaking out the strong bear trend over the last week and continuing the momentum yesterday post JOLTS to 1950 volume has slowed down and price met with a key S&R level which has previously been a pivot level for inner trends.
If we can get a rejection off the 1948-50 area and a bearish pivot back down to 1940 we could then see the price fall to around 1930-29 which would level out the price and provide a trend validation.
If we can get a rejection off the 1948-50 area and a bearish pivot back down to 1940 we could then see the price fall to around 1930-29 which would level out the price and provide a trend validation.