Both of the diagonals I drew have been hit, but no bounce - the latest converges with the .618 Fib from the low of approx 6400 to the high of 10,500. If downtrend continues possible support at 8200, that failing, if the 200MA doesn't hold, I think we may test 6400 again. I'd be a buyer there. That said, in this uncertain environment - coronavirus/global pandemic, US elections, major correction in equities could spell downward movement short to medium term. MACD pointing down, RSI far from terribly oversold, so more down to run. Let's see if we can gather support somewhere. Until then I'm on the sidelines.
Commentaire:
Looks like fib did not hold, but the 200MA daily did. For now...