ATdood,
we ARE at the strong support !!! told ya that wedge has taken wayyyyy tooo long to be a wedge; the lower t/l was broken today; but guess where compx is resting, dah dah .. the lower t/l of the 08/02 down trending channel <which i dont even want to call it a bull flag, since i dont think it'll be able to break above the upper t/l of the flag> !!!
if compx doesnt rebound rite outta the gate tomorrow morning, the lower support ought to be @1819, 1800, and 1787, where i suspect that the rebound may occur !!! regarding to the bearish engulf it printed today .. yea, i think we're heading lower in the intermediate term basis, but it does NOT mean we'll head straight down from here !!! i suspect that the darn technical rebound ought to be tomorrow ... however, i also suspect that it may NOT be able to break above the strong overhead resist @1935+/- !!!
last but not least, if what i've suspected is correct <May's wedge morph into a down trending channel>, the lower down trend line support of the presumably channel is currently trading in conjunction to the 76.4% retracement of the april's up trend @1787+/- !!!
regards,
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