McClellan Oscillator - oversold bounce was expected. Next move lower will produce divergence.
McClellan Summation Index
Weekly Stochastic of the Summation Index - says the move lower is not over.
Current thoughts - one more leg down with target around 1320 followed by higher high.
Closer look at the 60min charts - alternate scenario can not be ruled out. If the prices find support around 1355 and start moving higher then the pullback is over and next target is around 1400.
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