failed to break out of the main down channel
and 50% fib. Macd
and RVI both look bearish
is now looking to get support on the .618 fib level but we could see it fall back to the 200 MA at around 8500. If we don't find support at either of those levels then we could be headed pretty far back down. I'm still hoping for the market to turn bullish
and will be watching these two levels closely.