Use the 27.330 downside target shown (erroneously given here yesterday as 27.530) as a minimum price objective for the near term. It would become an odds-on bet if the 28.210 midpoint pivot with which it is associated is exceeded on a closing basis. Alternatively, bulls would need to muster 30.130, topping a tiny ‘external’ peak from May 7, to reverse the tide. More subtly, though perhaps less reliably, they could get back in the game with a close above 29.260 (per yesterday’s analysis).
