Near Term Trend: Negative
Wednesdays Close: 3686 (- 1 cent)
UPDATE: Uncanny how the high in July 2016 and the high in February 2017 is 3960 (perfect double top).
As we stated for the last eight weeks, that line in difference between a significant retrace and a major upside breakout which could define a bullish 2017.
Thus far it continues to be a significant retrace.