With nervous equities market, Let's see this test bottom trend which is 215-230
Due for catchup correction with Nazzy and Spoos.
Any weakness will see the 50D. Also big component of the Dow, which is due for catch up correction.
Broken out of downtrend. Only 1st candle though
Tap too many time & fail & it will come down.
Need to move back inside 2 major uptrend soon.
Liquidity has been weak. Inv H&S thesis still alive but take your cost off.
If successful will lead to much larger break out on Monday
Will confirm long to re-test upper downtrend.
Fail will retest support.