Friday’s gratuitous rally has given way to Sunday night’s perhaps other-than-gratuitous selling, producing an immediate downside target at
31.455 that is the exact low so far. If it’s breached, expect the weakness to continue to at least 30.520, its ‘D’ sibling. That number can be bottom-fished either via camouflage or with the tightest stop-loss you can abide. Keep in mind that the 28.425 target of a larger pattern identified here a while back is still very much in play.
