possible support

rough day on the market in general but despite going lower MMZ bounced off a major fib ratio....


If the Dow hadn't tanked last night I think MMZ would have held that low at 1.7 but you never know what is around the corner! and support is more often within a range of prices rather than a single price.

Still if you were fortunate enough to get some at 1.4 I'ld say you did well

here's a couple of charts
the first two are the weekly the last is the daily

BTW I have extended the pink lines beyond the white ones just to differentiate between them. The numbers are not the targets!