If the current daily closes below the 200 EMA (red) and lower EMA (orange) Ill look for the the $7400 level to be met this week. This zone as well aligns with the .618 FIB retracement. If the blue zone is broken the lower daily trend line should provide an additional support level. Once these levels are reached I will come back to reassess the lower targets if the downwards pressure continues. For now all eyes are on where the current session closes.