TRX! Weekly tells it all!

We have hit the 50 Day MA, and hate to say, but do not think that will hold. I think we are due for another leg down to the 400 area, which was prior resistance in the last down turn. The hope is that we will see strong support here, then reapproach 500 to test support. My last analysis on TRX was based on the potential for a death cross on the daily (corrected from golden cross), which I still believe is valid in the coming weeks. It will be interesting see how things shake out here, but think we will see a bottom in 6-8 weeks, end of May or early June.

Happy Trading!

**This is not trading advice**