Many thanks, that was a great update Peter. Clearly, the FLD lines (offset lines) are acting as the support. As you said, if price line manages to penetrate the offset lines, then we are in for our next lower target. Viewed in Elliott wave parlance, the intermediate or minute wave (3) decline ended and the sideways movement since last 24 hrs marks wave (4), which is bound to be frustrating and keep us guessing. However there's no doubt that a wave (5) minute decline remains to complete. My sense is the markets will bounce back before next major wave of decline, so it's still some time ahead. That's my one-cent worth. Let's wait and see.