200 hour MA helped stall the fall.
Stocks and bond yields move higher on less US/China tension and gold falls. That is the story.
However, there tumble lower today has been able to find support buyers near the 200 hour moving average at $1478.03. The low for the day reached $1480 and bounced.
The bounce has taken the price back toward its 100 hour moving average currently at $1503.72
I would expect that sellers would look to enter on the test of the 100 hour MA NOW, with a risk on a momentum move back above the moving average level.
