Resistance Zone

We have some shorter term negative divergences that seem to fall at a decent area of resistance. Being it's still early trade, the market makers tend to rule this portion of the day and they have a million games. It's difficult to judge as of yet whether this has any broader implications for the bounce or is just normal morning action.

The first trendline shows an intraday low on 8/20 acting as resistance and the more important in the higher trend line as it is gap resistance which in my opinion is some of the strongest resistance and support, that's at the 8/23 close.