| Weekly Trend: | Down |
|
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
A solid trend day as price reversed off the May 21 support. There is now scope for a bounce lasting a few weeks and possibly extending toward 4400 – 4450. Without reasonable divergences in place we feel trading this upside bounce is a low probability position to take. That said we will post some contrarian setups should you feel inclined to do so. The safest option is defending current shorts and re-establishing them once the bounce has taken shape.
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