Wednesday did drop to the area of the 1469 projected low at 1466. Odds are it continues on down to the 60 minute chart lower band near 1454. The down cycle projected low for Thursday is 1458 making the 1458 to 1455 a solid support target. In the event that supports fails this week the more bearish pattern is beginning to take over. Tuesday we got a short term sell signal from the 1431 low at 1489 so we are now looking for a short term buy. If the 1450s support holds we may get the buy.
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