STX500: aiming for the lower Bollinger band?
A price action below 7100 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
A break below 6800 might target 6600.
A break above 7000 might signal the return of some strength.
Reconsider the position when the price action is at the 200-day, which might act as major support.
Crossing above this level will negate the bearish stance.
A break below 6800 might target 6600.
A break above 7000 might signal the return of some strength.
Reconsider the position when the price action is at the 200-day, which might act as major support.