Watching this on the Daily chart to retest prior support at around 124/125 ... Likely to become new resistance in this market. RSI has NOT broken below 34ish in a VERY long time and now trying to work out of OVERSOLD conditions, would like to see this test 34ish during its bounce, if it break, I don't expect it to hold up above it for very long.
This is something I am keeping an eye on to get into a SHORT position via PUTS
This is something I am keeping an eye on to get into a SHORT position via PUTS