The 5800 level has been touched repeatedly and seems to be holding up fine. I honestly don't see any reasons why it would cross down the 5000 level.
This may take a few weeks or even months of sideways action before engaging on a new uptrend, but shorting anything over the hourly here is not worth the risk as we hover around .386, a historically strong trend support.
This may take a few weeks or even months of sideways action before engaging on a new uptrend, but shorting anything over the hourly here is not worth the risk as we hover around .386, a historically strong trend support.