Burk that pattern looks pretty well set. Similar pattern on most other indices as well. If we break 1179ish not much support until the 1172 level. If we do bounce as you suggest these patterns could get negated. As always we'll see how it plays out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.