MER - gap down to look for support

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MER = 77 (-4.3%)

MER formed gap down - very bearish sign. MER closed at its open giving us a rather undecided signal from the bears and bulls.

MER must form a white candle, higher high and higher low to let us know the bulls are getting back in the game. Chances are slim that this will happen. A test of the support is a more likely scenario.

Support: 75.5/73.5

Good luck to all MER traders!

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