Friday 9/5 ... Graph of Support

Here's what you are looking at. The 200 day moving average at the bottom (in teal) is likely not at risk. The 50% retracement line corresponds almost exactly with a trend analysis floor that the curve suggested yesterday afternoon.

As of right now, THIS FLOOR IS HOLDING. Those of you with cojones, stay in the boat! You might be risking an eighth, but this is life! And at the end of the day, after we've just gained OVER A POINT floating together over the past few weeks, what does it take for you to feel alive? Yeeeeee Haw!

Rest assured, we'll be right on top of it if we drop past this 99-20 level.

remember, you will see an eighth reprice from some lenders, but the decided downtick mentioned yesterday is not yet a foregone conclusion unless the day closes under these levels.