Weekly Highs from 2012 profit taking or a deeper correction ?
Updated
If 79 holds I remain bearish any move down from here will confirm that bears stepped in and it was more then just profit-taking ahead of the 90 -96 weekly highs from 2012, if the bears can break 65 a leg lower to 51 is given from there a retest is in the cards but 65 may hold so that's my thoughts 79 and 65 are crucial for the bears. time will tell...
Note
if we make new highs from here this idea becomes obviously invalid
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