Technical analysis:
Due to strong downside movement on Friday, I see potential for the downside continuation towards the Friday's low.
Trading recommendation:
Potential for the downside continuation pattern and breakout of the rising mini channel.
Watch for selling opportunities on the rallies with the downside target at $1,779.
Stochastic is showing fresh bear cross in overbought condition, which is another sign and confirmation for the downside continuation.
Resistance is set at the price of $1,800
