FMG Technical Analysis, page-9508

today opened -24c lower than prior close
IOP down $6 sharply
yet sits as a small green candle with +10c lower body 5c neck 8c tail

the run of higher opens and long necks SHORTED down daily has been broken.
the runoif red candles has been broken yet its trading today 60c lower than Monday to Wednesday.

And its at the 20.00 pivot and its candle is straddling it with that 1995c open

I stated on here months ago that 20.00 would break below SPOT ON.
i stated last few weeks that SHORTS were targeting 20.00 attack, SPOT ON twice
today its the 2nd break of 20.00

If it drops below 20.00 then TA damage is done as this is the LONGS support point.
Once below look for 16-18 during BEAR SEASON but this may take months or days who knows.
last year was a sharp cutdown in June 16-17 & October to 15.40 annual lows.

This year its already slashed 300c off the Feb highs.
The late Feb & early May drops were partly avoided this year but for how long as the SHORTS keep eyeing off a breakdown of 20.00.

SHORTS in charge during BEAR SEASON.