Price has pulled back to fill the gap and I am watching for a drop to test the lower trend line at 12 045. On the weekly chart, price has retraced past the .618 level in this bear flag and I anticipate either a bounce from the 12 045 level to retest the high around 12 650 and then a drop, or a break down through the channel at the 12 045 support to continue the down trend.