Has broken below the support line back from November 2012 indicating that an important top is in place at 117.37 on January 21. We can also see the indicators below the chart breaking Down from extreme overbought levels adding confidence in the fact that an important top is in place.
The first downside target I will be looking for is at 84.75, where we find the 38.2% corrective target of the rally from 31.96 in early March to the January 21 top at 117.37.
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