" This downside pattern is still intact, but is voided if it takes out the 5/21 high @ 3181 after 6/11. The 20 DMA is currently the next level of support needed to be taken out in order to see more downside action."
Well we saw the 20 DMA hold all week and bounced on Friday closing at it's highest level since 5/26. This set up follow through buying on today's open taking out the 5/21 high @ 3181 voiding this pattern. We never got the deeper retracement I was looking for and the 20 DMA ultimately was to strong a support level to break at this time.
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