I should point out that the 50% Fib referred to in my previous post, at around 4590, has a LOT of support/resistance going right back to September 2009, and even before that it was resistance going up in 2005 and support going down in 2008. It was tested on a number of occasions and only broke between May and Sept 2010.
I don't believe we are in for another deep dive. No reason for that to happen that I know of.
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