If this downchannel continues, we can break out at anywhere. Notable support lines exist at 9600, 9500, 9300, and I suspect that support after that is paper thin. If we drop under 9200, I expect a trip to the high 8000's. 8800 or 8900. The further we fall, the steeper the recovery should be. If we break out early, I expect a boring day. A correction is needed. We have to visit the 8800-8900 region at some point if we want a healthy trip past the 10k barrier. If it doesn't come from this downchannel, it'll probably happen at some point in the next week.
Trade closed: target reached