Despite the Monday jump, bears still control primary trend.
I like seeing a rally to start the week, but so far there is not enough evidence yet to break key resistance.
Selling interest should come in here near the previous low that was once support, but now is resistance.
Until key resistance is taken out, the $2800 target is still in play (the target is marked with arrows).
Selling interest should come in here near the previous low that was once support, but now is resistance.
Until key resistance is taken out, the $2800 target is still in play (the target is marked with arrows).