short-term trading thoughts, page-14

Interim top confirmed (yet another professional takedown coming into the month's end). Interesting where the long-term downtrend, recent uptrend and Fib 61.8% retracement line intersect.

There are zones of support before that point and you'd only expect a weak market to need to go that low, in order to work off its short-term overbought condition, but it should certainly go no lower than that.