X seems to be rusting away

I think X will retrace till 33.76 resistance level and try to break though trendline at 34 -34.20 around 12:30 til 1:00 pm then fall back to 33.76 retrace a little then fall back to 32.26 by end of the day or next day open

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based off 1/18/17 chart

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Guess it going straight down to 32.20 today looking for a small long entry in the 31.60s if the 15 min chart bottoms out by then