Looks like we will probably be hitting some hard resistance as this downtrend line has been pretty solid. If we can break 485+ and hold it buy then end of the week it should be broken, or if we can finish the day at 488+ I would say the down trend has been broken, until then expect alot of resistance.
no it doesn't have enough points to make a definte uptrend line, but definetly looks like the start of making one, I'm showing the beginning of two uptrend lines one is pretty shallow the other is very steep. Both only have 2 points on them, whereas the much stronger downtrend lines has about 5 or 6 points on it. remember all trend lines eventually get broken and I suspect the downtrend line will soon be too.