Sell-off from 5700 on Monday was seen.
Weekly Analysis:
Daily Analysis:
Summary:
Weekly paused, daily reversed. However, no sign of reversal yet. 5715-5740 level will still should be a decisive resistance. If broken look for the BrRL to hold (but as of now that's too far!).
With 200 SMA around, it's going to be a natural support. The type of consolidation will determine the next course of action. Still look for good opportunity to short - as the long-term DOWN is intact.
Note:
With highly oversold status, metals look quite hot.
