so today, my chart looks like this.. just looking for the next support level and come up with the 61.8% fib retrace.. around 7950. also at 8150 is the weekly 55 EMA, so somewhere in there might be the next stop down. It looks to have broken out of the wedge to the down side, and would expect that to continue until we find support.
just note, we still have a higher high and higher low and haven't lost those on the larger chart, but thinking we need to test some support here for the next run up. it might take awhile.
just note, we still have a higher high and higher low and haven't lost those on the larger chart, but thinking we need to test some support here for the next run up. it might take awhile.