So, as you can see on the chart 240 has provided strong reversals to the upside and of course is a large cost basis on the daily (see PBS video) So a gap down under this mark and hungry bears will eat that gap below. If we Bounce, then we have a gap above and I think this very dynamic will create range. A gap down would change that as we only have opinions above the chart and its triggers. Now above us we have 252, which is an area where buyers control the price. I expect if price settles above this, we will attempt a break of cost basis 257.00-.35. This mark is a HUGE sell wall on the daily and has been responsible for capturing price and pulling it down. Breaking this would displace the heavy sellers above and move us up.
