Posted by hotstock1975 > 2021-07-07 12:09 | Report Abuse

Since the prior low of 1529.68 has been breached, i am seeing 3rd sub minuette waves extension (iii) is not over yet which could lead to lower level. Moreover, weekly DMI spread continue to expand widely with rising ADX which indicates more downside may come unless a there is unexpected catalyst to turn things around for reversal. Finger cross.

Posted by hotstock1975 > 2021-07-08 11:07 | Report Abuse

As mentioned above, we might see the downside target of Diamond Formation (1500) or FIBO 161.8% (1484). A pending Positive Catalyst could initiate a Divergence for a stronger rebound when this levels hit. Let's see.

Posted by hotstock1975 > 2021-07-08 11:17 | Report Abuse

Weekly Critical Support to watch at 1510