$ASTS busy chart but there's a lot of clues here. We broke below major support of $65 similar to September breakdown off a smaller but similar structure. RSI also bounced off the same level. We also have the MACD histogram flashing bullish divergence. The key now is getting back above $65 on a closing basis and defending that level from above. That would make the latest breakdown look like a bear trap setting up for stronger odds of a major low. Failing to reclaim $65 could keep us in a range and also open the door for a move to $50 area before another attempt to breakout. The wild card is midterms which opens the door for weakness from September into early November. If we can get a strong impulsive move and make new highs, then a midterms weakness trade could look like a retrace to a hi
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