Well, my guess for Wednesday was wrong. For some reason, price dropped below my dashed-line expectation of support, although it did close near that support. This reprehensible behavior must be one of the reasons why it's not easy to call market turns! RSI is now approaching an up trendline and, closely below that, a down trendline. Whether that portends a bounce and resumption of the recent ill-fated rally or no bounce and resumption of the longer-term price downtrend remains to be seen.
