This is an update of my blog post of April 10th.

The short term uptrend that started in early February has ended.  Yesterday’s high volume move on the downside ended the TopFinder.  Also, notice that the price candles of the last three days form the Evening Star, which is a very significant candle reversal pattern.  Price came down and pierced through S4, but then closed just above it.  If in subsequent days price closes below S4, then we will have started a new short term downtrend.

I’ve added support curve S3A since it’s a bit ambiguous as to where S3 should be launched.  We may see significant support during a down move at either S3 or S3A.

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