bear setup in play
a 1200 point decline would be roughly 50% retrace and 1/8 of the high,say 8800- 8860 ish (886 is a Gann wheel level)
However there is support on the longer term chart from the 200 dma and small trendline shown here
a 1200 point decline would be roughly 50% retrace and 1/8 of the high,say 8800- 8860 ish (886 is a Gann wheel level)
However there is support on the longer term chart from the 200 dma and small trendline shown here
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