VNT : A breakdown at 11.70 places 9.70-10 as the target

The recent low at 11.70 will not hold we fear, with VNT likely to retrace to the 10.90-10.60 range by early marc, if not right away. A poor close below 11.70 this week would however see an acceleration of downside momentum, with 9.70 to 10 or so the range to look for a rebound formation.

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