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Opening Spike Unable To Halt............>

CABLE TECHS
CABLE TECHS: Opening Spike Unable To Halt Downtrend 
Cable briefly spiked to 1.2878 at the open before giving up all of its gains to
return the focus to the Friday low at 1.2777. A close below here would open up a
move towards the 2018 lows at 1.2662, ahead of the measured move target from the
double top formation down at 1.2500. Bulls need to initially break above the
upper bound of the down trend channel at 1.2944 to shift the outlook neutral
before challenging the up trendline resistance/100-dma at 1.3038/61.

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