Daily MACD – The MACD made a move lower to a reading of 1.088. There is some bearish pressure here.
Major Support Level – I will be looking for a move toward to $270. There should be a bounce of that area because it is a heavier area of support. Price has touched that area many times.
Major Resistance Level – The price after hitting that level should move to test the top part of the bands I drew below. Price seems like it will be in a range near term before starting an up move.