A successful test of the previous 2 lows at 2381 and also the 21 ema, and the market recovers back within the S/T channel and holds onto the Buy Signal, for now. But some damage has been done.
The next negociation is the arm of the new T structure from the 16 March high to the 13 April low which projects to today.
Yesterday's break lower from the rising support line confirms the 09 May high in-line with the red Amalgamation T structure, and there is now a potential descending resistance line from that high.
We need to see a close above 2400 to change the outlook.
Be prepared for whatever comes next:
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