White line - support
Yellow line - technical bounce target
Red line - bearish target
Over sold on the 4hour chart. Should dead cat bounce to around 11050. Back under monthly 50ma
I'd wait for a break below 10,900 to go short again, with bearish target being 10,720.. I don't think they'll drop it below 10,500 until CPI next week .
October job report in the A.M if it shows any slowdown in unemployment will make this pop.
Yellow line - technical bounce target
Red line - bearish target
Over sold on the 4hour chart. Should dead cat bounce to around 11050. Back under monthly 50ma
I'd wait for a break below 10,900 to go short again, with bearish target being 10,720.. I don't think they'll drop it below 10,500 until CPI next week .
October job report in the A.M if it shows any slowdown in unemployment will make this pop.
