Analysis of the downtrend...
Untouched from my last publication.
More downside is possible and upside potential to 11,200-11,300 would set up very low risk short sales with 11,450 stop.
The 11,400 is the "mode" of the decline and where sellers are in control. Prices could fall from a measured move from 12,400 down to 11,400 and project down 1000 points to 10,400. I have 10,600 graphed on here based on the conservative forecast based on the trading range around 11,400.
The market is very oversold, and can lift from here, right into a low-risk short sale as labeled.
Tim 11,062 last 1:31PM EST June 16, 2015
Untouched from my last publication.
More downside is possible and upside potential to 11,200-11,300 would set up very low risk short sales with 11,450 stop.
The 11,400 is the "mode" of the decline and where sellers are in control. Prices could fall from a measured move from 12,400 down to 11,400 and project down 1000 points to 10,400. I have 10,600 graphed on here based on the conservative forecast based on the trading range around 11,400.
The market is very oversold, and can lift from here, right into a low-risk short sale as labeled.
Tim 11,062 last 1:31PM EST June 16, 2015
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