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Learning from last Week: (click here for the previous post)
Index falls to Support at the 1.62 extension as marked above.
The Index pulls back to the 1.62 extension of the last major High-Low and Bears fail to crack the support.
Looking forward into this Week:
Bears hope to crack below this Support at the 1.62 extension.
Index Support and Resistance possibilities are marked as above.
Bulls hope for Higher Highs taking off from current support at the 1.62 Fibonacci.
Bears plan to sustain the downward momentum, seek to change the trend.