Using Sunday's big move down as a basis, we can use fib numbers to look for support and resistance levels to see which way this will break. A move below 126 will be strongly bearish, while 133.2 and 137.8 are the numbers to watch in the other direction. A strong move above that last level will have me thinking that we are in for big things on the upside. In the meantime we can play the range between 126 and 133 for small profits, but I'm not doing anything too aggressive.
As far as other indicators go, the 5 EMA is still above the 12, but both are below the 50. sRSI is oversold, will watch to see if it heads north again in the next few days. Volume has lessened after the dump, so that will be worth watching to see if it picks up as price moves.
As far as other indicators go, the 5 EMA is still above the 12, but both are below the 50. sRSI is oversold, will watch to see if it heads north again in the next few days. Volume has lessened after the dump, so that will be worth watching to see if it picks up as price moves.