We seem to be headed to a 2nd, perhaps more significant (in the long term) retest of the long-term supporting trendline which runs from 03/10/03 to the present. As the circled area indicates, this is not a certain price, but a more general area that has the triple support of 2 converging trendlines and a horizontal support level. For now, there simply is no reason to suspect that we don't get a bounce, perhaps a violent one, right here at approx. 1430.
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