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so this is the fourth red day now for the market since we had our reversal date here on February 15th this is a major downtrend that has been established and as you can see here if I go over to the 50 minute chart we are a little bit below the Channel that I have the purple Channel with the top line here and then the bottom line we did close right on it but we have Ben discovering a little bit lower prices as of the past two days so its going to be very interesting is seeing tomorrow as well as Friday to get a gauge on the weekly close what will happen will we have a weekly close back in this channel right here or will we have it below if it was below then there would be a lot more downside to come especially with the next week so I am very interested to see what happens there additionally I know this chart has a lot of lines but we do have this major yellow line right here the one that goes to the October 13th low this was tested today and Ill go to the 15 minute chart here as well
