You think Greece will be the catalyst? Because there is no way such a steep drop can happen without a catalyst. There is also plenty of support between 2040 and 1980.
YaKa
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You ll have to readjust your "there is no way".
Greece will be fixed.
This move shall happen with or without catalyst.
You should forget what you think can happen and just observe the past. Moves often happen without catalysts and then media find explanation (Fat fingers or others).
adammska
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Not suggesting it cannot happen. It just seems extremely unlikely that it will happen. For starters 125EMA contained every correction since 2012, except for the October correction, which had an obvious catalyst - Ebola panic. Second, around 1990 is a rising trendline all the way from 2011 - it held in October! I'd expect it to produce a large bounce at least.