I think the 29130 is crucial at this point.
A break of that level and then the decline will be accelerated to downside.
So far it can't even clear the 38.2% fib resistance from the highs.
Very weak and we have a clear break of the VTL .
Yea my point is that I don't like it at all.
So far i still don't like the HSI and i think it has plenty of room to go to the downside before resuming a rally in mid/late June.