and if you look at the monthly chart, theres no major support...

and if you look at the monthly chart, theres no major support for xjo til about 5400. Thats also .618 retracement of the most recent leg up on the monthly. On the weekly theres major support at 6050, 5650, 5400. Given the magnitude and speed of falls so far and the other indications that this is to be the mother of corrections, it looks like we should be looking at weekly and monthly charts for a better picture of where xjo may end up before it finds some lasting bullishness again. Its an interesting time to trade, its all good.