$MGM has done what has been expected of it and has come right down to our 0.618 Fib level today and so far holding, we are not seeing any confirmation of support yet, just that the selling pressure appears to be done for the day now.
The ideal scenario here will be holding at the 0.618 Fib in green as show at $36 and looking for signs of reversing now, with higher highs and higher lows.
I will be keeping a close eye on this.