A downwards swing was expected to continue. Upwards movement during Monday’s session remains below the invalidation point, and the range for this session is small. Volume does not support upwards movement.
Downwards movement has continued a little further as last analysis expected. For the short term, volume and On Balance Volume suggest the direction for Monday and possibly Tuesday as well.
More downwards movement was expected, which is what has happened.
More downwards movement for the short term was expected to a target at 1,333. Price moved lower to reach 1,334.53 before bouncing higher.