ATdood,
the lower t/l of the 08/02 down trending channel has been providing supports in the last 2-3 weeks, i dont see it's being broken, unless of course, the mkt crashes !!!
tomorrow, it ought to provide the support near the 1800+/- if the compx negates the hammer reversal and descends lower !!! breaks that, the lower supports ought to be @1787, 1781, and the key support @1770 respectively !!!
on the other hand, should compx ascend higher as anticipated, keep an eye on the upper t/l of the 08/02 channel, which is trading in conjunction to the 76.4% retracement of the jan-april decline betw 2872-1620, @1915+/- !!!!
regards,
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