With bearish MacD and stochastic signals, a failure to break 6430 will see a test of the uptrend support line at 6290. Under there exposes 6250 then 6080. We need a move above 6430 to negate the bearish price action. Above 6430 opens the door for another look at 6550.
Overall I dont want to get too bearish near the bottoms, but price action sugests otherwise. Maybe we ‘ll see a classic Friday short squeeze. For the day, play the range 6350 – 6430.
