[ATTACH] Weekly PDN exclude this week On th ebigger picture the...

Weekly PDN exclude this week

On th ebigger picture the trend is still very much down. However close to the price action, this is a flip level with the support turned resistance well respected. From my perspective, Weekly chart has been in a congested range ever since the break of support, RSI is much more appropriate to give an indication of what is likely happening. The bullish swing current showing signs of strength as the RSI levels bouncing off its 50level.  However this is a range so I disregard the elevated OB levels as it approach the key resistance. The Weinstein 30wk SMA is showing some optimism but the underlying movement is ranging so I am expecting price to rotate back down to the current support in line with the bearish trend. I don't think there are any triggers for a breakout and even less so when a potential Tsunami was averted in Japan last week from that earthquake. The U spot is still trending down so a very slim chance for a trend reversal.