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The support is provided by the 61.8 percent Fibonacci projection level of a downward wave C, the third wave of a three-wave cycle from the June 13 high of $11.86-1/4.
The support coincides with the support at the July 8 low of $10.21, marking a break below this level more difficult. Most likely, the contract will bounce to $10.40-1/2, the 50 percent level.
A drop to $10.20 could confirm a break below $10.21, and the 76.4 percent level at $9.96-1/2 will be targeted.