PA has whipsawed around taking out clusters above and below but now it seems market action has slowed down and we see a clear picture of down pressure. We might see one last pop up if PA can hit the buy cluster at 114.624, but most likely it will blow right by the weak blue cluster below and trigger the sell cluster below that to target the 113 cluster which is also the 61.8 extension.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.