Things to note: - 21 SMA still curled down looking for bearish cross below 50 over next few days/early next week - Gapped down @ open & below BF channel - now has overhead resistance of 100SMA, BF channel & 50 - Price struggling to get back above 9SMA - Bear target #1 Gap @ $286.69 - Bear target #2 Gap @ $275 - Bear target #3 re-test June low
All targets are assuming that we are headed down, which of course is an assumption. Always manage risk, always DYOR. Refer to my thoughts on todays CPI & how the FED could react for better understanding of how further downside could be possible.