6800 was to be watched for chnces for a higher low but this was not to be; the market accelerated south once below.
Also the market is below the last Fibonacci level to call this a correction so in theory the 5750 low could be tested again (100% retracement). look for some support around 6100 however as market is running into oversold conditions.
That 6800 level should now act as resistance.
Also the market is below the last Fibonacci level to call this a correction so in theory the 5750 low could be tested again (100% retracement). look for some support around 6100 however as market is running into oversold conditions.
That 6800 level should now act as resistance.