MDA - Market Direction Analysis

[hk2]

COMPX- I read this chart as saying there is "down" in our near future. Although there is a 38.2% Fib retrace at 1359, I expect more than just a 9 point drop overall. I suspect we'll find better support around 1350. This will coincide with the 20 MA at 1348 and minor resistance during the initial ramp at 1352 (14 March) and previously on 3 March. Failing there, we have the 50% Fib retrace at 1339 as well as the 50 MA at 1337