We told you for a last few days about the Bear Flag Pointing to a High Probability of a Continuation Down.
The good news: This is still a healthy retracement. We broke the fib level 38.2% and now going to test the 50%($7,164)& the 61.8%($6,852)
As long as we stay above these two levels, we are still in a healthy pull back.-
The bad news: A pull back below 6800 could retest levels sub 6k.
We need to hold these levels or the bears will be back in control!
Did you guys close out your positions prior to this drop?
