In 2013 we saw this exact thing.. so similar in fact that its all too scary for my liking. Not trading advice, but support 3 was not expected here. Expect on the 18th to spike so for day trades great. Im watching intentively until I can guage something better. The yellow uptick was created 5 days ago from previous retracements so might be a good idea to look at...
let the media calm down and scared traders settle down over the next few days to a week. I dont see it going lower than 5k, and honestly 8k is a very nice place to be looking at in the short term. The yellow area is just a guide line, the chart will be readjusted for retracement flucuations.
Could honestly end up with a head and shoulders at this point.
40,000...