With a break in an upward trend line the sellers could be taking control of the market and pushing price to the downside. If sellers remain in control the market could be pushing down to fill a gap left open in February and a return to around 1320.

If the buyers come back in and take control again look for the market to return to the 1420’s and beyond for continued growth and record breaking profits.

Watch price closely as the new week begins. If price continues to the downside and pushes below support at around 1364 watch for a drop to fill the open gap. If price reverses and heads back to the topside and breaks through resistance at around 1388 look for the market to continue up and set new highs for the year, possibly up to around the 1435 or 1440 range.

Happy trading.