CLU5 will now
have to first get above 48.15-48.35 zone then
above 48.60-49.10 zone in order to
negate the stair step formation continuing lower to 46.60 then 45s.
If above 49.10
there is a good amount of resistance at 51.05-51.25
zone which must be regained otherwise any rallies &/or pops this week will
likely just be intraday Short opportunities.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC