Personally, I'm betting slightly better odds on a bounce in the next 24 hours from the 20 daily exponential - which right now aligns perfectly with the .382 fib retracement level.
If that doesn't hold.... look out below! But a retest of the 20 simple moving average on the weekly wouldn't be the end of the world, and in fact, might even be bullish.
If that doesn't hold.... look out below! But a retest of the 20 simple moving average on the weekly wouldn't be the end of the world, and in fact, might even be bullish.