The daily chart has downside pressure being applied to price and the entry price for a move lower would be 118-24 with P at 116-04. The upward price action was stopped by PO2 at 121-15. The up move isn’t voided yet and the second price objective would be 122-29. The 15 min. chart looks a little better. Pressure is trying to turn up and apply upward pressure on price. The 119-28 area offered resistance and on this move higher 119-20 and 119-24 could be stumbling blocks. 119-10 should offer temporary support. If that level is broken then look for 119-01 for your next stop.
Ira
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