The gap up today brought price higher and for much of the day price was in strong territory. But like the NDX, when the big boys came out to play late and the day, price lost momentum. This pattern has not been favorable for the most part.
As predicted by the downward fork, price dropped significantly on Brexit news. A drop from the high to the lower Median Line has pushed price into high volatility. Look for a drop again at the middle Median Line retest.
After Fridays candle close (Bullish engulfing off key support) and heavy rejection on weekly candle. We are set up for a retracement to Supply level highlighted before our next possible move down.
Target: 2000 level
SL: 1800 level