1)Upwards momentum to 50 if we brake the 47 are and also based on the charge of bulls on June 21st so the last week might have been a
pullback because we couldn't close below the 0.618 fibo;
2) movement to the lows of 2016 (high twenties) if we manage to keep on creating new lowers lows. Since the consolidation at the start of the year and bearish trend followed by it the chances are that in the long run we will hit 2016 lows.
pullback because we couldn't close below the 0.618 fibo;
2) movement to the lows of 2016 (high twenties) if we manage to keep on creating new lowers lows. Since the consolidation at the start of the year and bearish trend followed by it the chances are that in the long run we will hit 2016 lows.