We're back below the consolidation zone from the 2nd week on January without having tested resistance in the 33 area. The bottom of that consolidation zone at 31 should keep a lid on the upside. With having bounced at the 38% fib retracement, this morning, we'll watch for some consolidation before breaking lower and testing the 50% fib retracement at 30.12. I'm targeting 29.50, the top of the prior consolidation zone for support in the immediate term.
