April 02 - April 29 was a 34% retracement, smiliar to current pattern from June 13th to July 10, also roughly 32% retracement.
First Fibonacci support at 118.83 was broken at the ~.236 Back tested .382 second support level, at ~102.36 Retracting to 100 day MA sitting currently at ~107.35
There will most likely be a bounce back to .382 otherwise, great buying opportunity set at next support at 87 and 75 for major support
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There will most likely be a bounce back to .236 otherwise, laddering buy order set at next support at 86 and 75 for major support
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Looking for a close today around ~110 region for trend to stay intact for further follow through bounce back to ~116