Compare the volume of the selling up to this point to the volume in this flag, that should tell you everything you need to know about whether the July trendline will hold. IT PROBABLY WON'T. Look to the first orange square for an initial reversal target if downward price momentum maintains weak. If momentum by volume and on the MACD remains strong, then look towards the longer term 2017 trend line as support. THIS MEANS DEEP $5,000s PEOPLE.