Another new setback low to reinforce the bear shift that has been threatened all week and signaled by the Tuesday push below .7591.
We repeat that "the Weekly Gravestone Doji/ Shooting Star leaves a negative bias" and we see a more bearish tone into April (despite the Wednesday bounce).
Short/ Intermediate-term Outlook - Downside Risks:
- We now see a more negative tone with the bearish threat to the cycle low at .7560,
- Below sees the psychological/ option target at .7500 and the a key chart level from 2009 at .7267.
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