Actually, the weekly charts could and probably will drop lower before a reversal back up. COMP 1797 does not seem so outrageous if you figure it's just the .382 re-trace off run from the 1253 COMP low to the 2154 highs. It's also close to the same from the 1108 lows.
1775-1795 or so was a gap that was filled on the way up, so that's an area of decent support. I think we also hit that area in early September.
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