As I have been saying for the past few weeks (refer to linked idea) price has reached exuberant levels and trading in very deep technical waters (so to speak). The reversal from yesterday occurred of the Weekly R1 pivot and could initially see price correct towards the Weekly S1 Pivot to 16250 with a break below that (also the Daily 21 EMA) likely seeing a move towards 15400 where we have the Monthly Pivot and 100 Daily SMA converging.
