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After failing to hurdle key micro resistance at 38.87 yesterday, the Qs plunged to a low of 38.31 (so far), which is just 10 cents above Friday's post-Employment low at 38.21. Judging from lack of ability of the bulls to get anything going on the upside during the last 3 hours, my work is setting up for another nosedive that fully tests 38.21... which if violated, should trigger downside acceleration immediately to the 38.00. My optimal next downside target zone is 38.00-37.80.

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