Plenty of support lies in the circled area.
Today the down move was on very light volume. Friday is often a light volume day but today's volume was the lightest Friday volume for many weeks. That suggests that the selling today had little conviction behind it. Buyers, however, weren't stepping up to the plate.
If we get a strong up day on Monday that will probably signal the end of this retracement.
The near term future direction now seems to be in the hands of overseas markets tonight.
Good luck
Redb
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