Support nearer $8,894 next or staight down to nearer $8,572.6
Bears have taken hold. Market closed below offset 5 day MA point $9,380.13, and also below Thursday’s breakout open of $9,236.4. bars turned negative for the first time since April 8. Price had a slight break beneath the upwardly sloping green yesterday, and broken through it convincingly today. Price to test lower support levels. $8,894 is the 50% retrace of Feb6 Low – Feb20 High. $8,572.6 is 61.8% retrace of Mar12 High to Apr1 Low.