Really simple chart. Just drawing a continuation of the bearish roll down. Lines from low to lower low, high to low, and then one prediction of our last leg. Just a simple angles chart. Plenty of other analysis to complicate this but I just wanted something simple.
We overbought to 2180 with not enough power to punch up. Now, we're continuing our downward trend through the fib levels. We had our chance to move up and fill between 61.8% and 76.4% retracements but lost momentum. Now we move down and fill between 2120 and 2135 before making a significant drop down below 2090.