Yangzijiang Testing Resistance Zone

Rebound from gap support and lower blue channel support facing resistance at pink zone. A strong sustained breakout is needed to clear this resistance band to challenge the following probable resistances

1. Dark green belt

2. Upper resistance of blue channel

3. Lavender band

4. Milestone 1.50

5. Peak marker 1.57

However, if bears regain control a retest of the following probable support is imminent

1. Light blue gird

2. Light green gap support zone

3. Lower blue channel support

4. Orange band

5. Ichimoku Kumo cloud support

Stay alert and be nimble as the market continues to be spooked by the Euro Debt Crisis.