Last week’s dip below the red line (p=68.75) amounted to just 2.4%, but that’s enough to somewhat darken the picture. For starters, it implies that a rally to the green line (x=73.44) should be shorted with a 78.15 stop-loss just above the pattern’s point ‘C’ high. (I am recommending this trade only to subscribers who are adept at fashioning risk-averse, ‘camo’ entry triggers.)  It also opens a path to the 59.35 ‘D’ target. However, given bears’ struggle to push quotes below p=68.75, a slide to 59.35 is still no better than an even bet. But p2=64.05 is likely to be reached, and we should plan accordingly.