Intermediate-term bear shift through key .7136/32/28 (as flagged)
Day trade update and view
A significant sell-off on Wednesday through the key .7136/32/28 platform support area, to build on this week's plunge lower through various other supports, to shift the intermediate-term bull trend straight to an intermediate-term bear trend, to keep the threat lower for Thursday.
Day trade setup
- We see a downside bias through .7084 for .7072/60; a break here aims for .7012/00 and maybe towards .6959
- But above .7147 opens risk up to .7210 and possibly then quickly to .7235.
The push below the key .7136/32/28 platform support area signalled an intermediate-term shift to a bear trend.
- Downside risks: We see an intermediate-term bear trend to aim for .7012/00, .6829 and .6773.
- What changes this? Above .7345 shifts the intermediate-term bear trend straight to an intermediate-term bull trend.