Just about holding onto the big figure but looking very soft. We had last weeks break down and bounce from the mid $1280’s but that’s in danger of being wiped out again.
A sustained move lower will see us head back to the $1280 zone with $1275 being the next level of support. From there it’s the $1245/50 area that will need to hold or we could see another crumble to the low $1200’s or under.
You’ll have to excuse the lack of charts for the moment as I’ve got some IT problems currently being worked on. As such I’m on a 10 year old pc which is like working in the dark ages.
