Has reached the line that extends off of lows in June 06, Sep 06 and October 2010. Parallels extended from the 2006 and 2008 high caught important pivots over a period of 4 years...most recently the December 2013 low. Downtrend support is also nearby. Would take seriously a daily reversal over the next few days.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market