Let's keep an within the $315 and $289 areas and lets see if it begins moving higher or lower. It appears that the 300 range is starting to look like a support level, if the price breaks resistance $315 than the uptrend continues, if it breaks support $289 than we will have to see what occurs at the next support level. Wait for confirmation before committing to either route.
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The price dropped below the first support level. This indicates that the bearish trend will continue with the next target support level at approximately $220. I will look for a reversal at that range and to purchase at around that price range unless i see a solid support be formed.