Lot of action in 19.03 - 19.06 area and key fibs lie there as well. I'm going to watch for a bounce back up to test this area and look for a rejection and continuance back downwards. These are my published thoughts for record feel free to give input.
My gut instinct is we will retrace 50% but I will be watching closely the .38% level.
Market structure looks bearish with some bearish divergence on the macd starting. This could pick up pace and test further past $420.
I'm not a trader this is just what I see.