Summary: There was rejection at the 6455 target (note 07/25). Thursday closed below 6402.5 (dashed line on chart), which was the First mechanical indication of weakness (note 07/29). The Control at 6302.5 has been tested (note 07/17).
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In a downtrend, strength tends to come at the beginning of the week and then fades, I’m watching for that. Time spent below 6302.5 would indicate further weakness and a likely test below 6050.
