Update. New retrace 50% = $8,631.6. Price for now couldn't hold above 20 MA. Media concerns perhaps about daily moving average crossover if you follow 50, 100, 200 MA's.... Have added fibs for a price drop. I've included a Fib level of $7411, but may take out low of $7,240 (end of wave 5?). $7,365 was just an arbitrary figure I've used from a previous calculation.