- Solid Base formation between 101 and 102, also where support is.
- W structure in formation most likely
- Trendline has come down to this consolidation range at 102.
- Some unknown event will trigger it and Thus sending it past 102.3 then 104 then 106 adn 113.
- Trigger point is 102.3, above which its desirable to go long.
- Weak CPI print is also not helping its case suggesting a major problem in EU, GU et al.