For whatever reason the buying support that was there before...

For whatever reason the buying support that was there before absolutely evaporated when it failed to test the old highs, how quickly the tide changed certainly caught me off guard. For now it's trending down and I'll sit on the sidelines until that changes. To me it did look like it was being manipulated lower for the past week in a fairly predictable manner, but that does little to tell me where it could turn around. I do have a couple of spots marked on the chart that may offer some support if it goes down there, but they are not necessarily strong points of support. If it turns up if could climb quite easily, but I'm not prepared to gamble on it having found a bottom yet.