For the week, you’re not down much. You’re down $7. You’re down 0.2%. Okay, no big reversal there. The reversal you can see on a daily chart happened here, where the market made the higher highs, but you took out the prior low. So, now you have a higher high and lower low. That means you’re in a pause at this stage, in terms of pure chart action.
The support of the market’s under you at $3626, doesn’t mean it has to go there, but that’s where the next support level is. It’s the 18-day average of closes. The Bollinger Band, it ran the market here. Then, it went sideways. You made the higher high, going into the Fed news, and then the market let go. It’s the buy the rumor, sell the fact when you look back at it.
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