As promised here’s an updated chart. The green line is the one I’ve been monitoring for the last several months, as I’ve highlighted on this forum. That is now cleared, it’s not totally convincing given the bearish candle/close but it’s certainly trading above it on a price basis.
The red line is basically the last line of defense. Pop through that and we may have busted the downtrend for now. Again, the daily candle was sold into pretty hard today so it’s difficult to call for a major run on Monday. We’ll see.
MNS Chart, page-764
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