Big drop over the weekend finally bottomed out after half an hour of trading. Nice example of why it's a good idea to wait and see what happens during the first hour of trading. The drop comes close to the 7400 target mentioned a while ago...but is it close enough or is there more to come? The day continued with a solid steady rise up to 7680 before a 100 point drop into the close, developing an expanding triangle which infers more volatility around the corner. CCI ended up divergent at the close, but that's not uncommon. Difficult to see where some upside will come from...
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