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Long term resistance in that area BUT was weakened with the break above earlier in the yr. the fibs of the entire low to high move coupled with most recent retrace o me suggest we could see the 1.272%-1.618% extension areas (349-400) IF we see a further break above that critical 270 area.
I believe the RHS bottomed at 248 today.
249 is the buy zone if this is the case as it should be the bottom of the RHS and we will see a bounce back toward the neckline.