we have boucned down pretty fast off of the green descending channel wall at $8471 so we know that is currently resistance...we now need to see whether or not the lavender fib line will also become resistance or if we'll get back above it to retest the descending green channels top trendline. The probability is good that we will retest the green channel again, but we may have to battle with the lavender trendline a little 1st.