Obviously, I'm expecting the daily to close below the 200 here in just a little while, which would indicate the potential for more downside. The question being is how much further. From a monthly fib retracement perspective, we could see 6500 area. Personally, I would like to see the next hold, which would put use in line with the last spike down and support structure from last November; we'll just have to see.
I did notice on the 4HR, we might be seeing a form?? Let me know what you think about that.
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