Forget another bounce in the the late 70's. this decade is done now. Soon we'll Welcome The Sixties, hippies and social revolution.
that's a pretty steep wall not to bounce off of...
edit:, though yes, I'd guess not to high 70s from 71, but at least mids
For my part, I opened a position around 85, then 82 seeing massive walls behind. Seeing no momentum i wanted to close again at 82 but mistakenly decided to hold. Waking up i was half shocked to see 14k sells and other biggies and price at 79 and continuing to plummet. At 76-77 i closed my position.Then bought and sold a few in this small rally with marginal profit.. This time i wont trust those walls at 70, it can get eaten by gorillas quick,as Blitz say juicy bids with little spread. And the bounce may not trespass 70 again before visiting further lows.
Yeah allot of dropping without bouncing earlier, so hard to judge it. It's looking more bouncy today though. temptation is leading me to risk a small amount on this one