Here, an older chart: the Fibonacci Speed/Resistance Arcs also seem to have defined some support levels. If true, a low in the middle of July (Bastille Day?!) is also to be considered. Interestingly, an equivalent trough is also predicted by the previously posted time cycles (click above). ====== Note: the TOM and end of quarter might create a diversion and give us, in a few days, a false feeling of ‘rebound’.