If SPT breaks todays low we are heading to one of the fib levels (0.382,0.5,0618) to find support.
The last 3 pullbacks have been on very low volume (using Zanger volume ratio) so looks like a normal 3 swing ABC corrective structure. Lots of support at 0.618 (fib ext, prev sup, 50, 100 ma's).
When we get close to support we should start seeing candles with long lower wicks ( like a hammer) ,develop smaller candle bodies (showing the force behind the decline is decreasing) & turn green.
