No changes to our chart here, I still expect this to move down to the 0.78 Fib, bank earnings this week so a lot is at stake here, this has moved as we have expected so I am happy to stick with this trajectory. Earnings reports will offer more information and if this loses the 0.78 Fib at $42...this could be looking at the 0.88 Fib and the blue line.
Banks have already issued warnings lately that they expect a market decline over the next few months, they may be more vocal leading up to the earnings too.