Last dip to 7530 bounced off 50 MA and I'm looking at 100 MA as the next line of support on this one. 100 MA lines up nicely with a lower support channel that began at 2960. This support channel was broken on the correction to 5545 so keep that in mind when looking for a reversal. This is just the first line of support to watch for a reversal I'm not ruling out further drop.
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Chart to support selling pressure.
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Weekly RSI to support downtrend.
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