Underneath there, we have a 50-Day EMA that comes into the picture to offer a significant amount of support as well. Anything below they are more likely than not will attract a lot of selling pressure again, as it will be a breakdown of the previous area that was resistance, which you would expect to see as support. Pay Attention to Dollar and Interest Rates On the upside, if the market does turn around, then it’s likely that we could see an attempt to get back to the 200-Day EMA. Keep in mind that there is a lot of noise between there and the $1800 level, so again, it’s not a huge surprise to see that the market was ... (full story)