We are still holding the level at 56880. Unsure on how much longer this will hold. We have laddered off of the monthly level at 58586 down to 58199 and to 58131. I would be cautious holding a long above a trend that has already had several touch points and a 1000 dollar wick below. I would take a scalp at 54900 and see if it holds (timing is very important in this trade as well. This will give anyone an opportunity to get into a trade with the chance of exiting with no money lost. My confidence in this move is moderate.