On the daily, we still have resentence at the 175.56. We did not break the 175.09 that is the 68.1 % retracement on the extension If we break that them we will go lower. If we bounce we will make a new high with a new profit target at 178.43.
Options traders: Move your stops to 4.11. If we get taken out on Monday it will be a small loss. If the market continues down we will keep trailing our stops. If the markets bounces on Monday we will reverse, close our Put and buy a Call long. Same rules as above.
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