As I mentioned yesterday to watch for this area on the 1hr. You have a confluence of the 200 Moving Average as well as the 0.382 support line. Even after this bounce it's still hard to determine the next move. There is still the 200MA on the weekly that we have to break in order to move up. I'm still bearish overall due to the virus. If we don't find a vaccine soon, it will eventually bring the market down.
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