Leg 2 & 3 of Bear Break

Every now & then, an anomaly occurs and yesterday's trading was one such night. I had posted on Saturday's review that Leg 2 of Bear Break was created. However, on Mon, during the globex session, a new high was created at 1462.75 & a lower oscillation low at 1452.25 was then created going into yesterday's regular trading session. Effectively, the high achieved on Monday turned out to be end of Leg 1 of Bear Break, and last night's session low was Leg 2 of Bear Break. Going into the close, we have created Leg 3 of Bear Break (Higher PRIME High at 1463.75, when compared to last PRIME High of 1462.75 - Leg 1 of Bear Break). We are now back on track with the Bull Trend. PRICE has yet to fail going up. However, with the TREND Chart turning down, do expect PRICE to head back down to challenge last PRIME Support at 1452.25 (End of Leg 2 of Bear Break). 1452.25 is important because a breach of it would throw us back into Leg 1 of Bull Break.