Well, not a great day. Blew threw support and I don't really see much support at all considering recent action. Better indicators are the moving averages and the uptrend. Closed near the low sitting just above the 100ema at 3.70....if the rout continues Monday then the 200ema is at say 3.44 with the lower uptrend line just below that. Based on recent movements there's no reason we won't again hit that lower trend line. we did it in March and again in June, then came close 2 weeks ago.
So I'm now looking for preferably low 3.40's but anything under 3.50 will be good imo.
Seeing that level again still has us in a healthy uptrend. Breaking that would not be good.
So all in all, a positive post don't you think? :-)
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