Wedge angle halved, combined with upper trend line horiz @ 1200
The wedge that we broke beneath a day ago was angled up at about 34.5 degrees. The new wedge that has formed is at an angle of 15 degrees, with a trend line forming the upper edge being horizontal at 1205 (previous strong support/resistance level). If we break below this lesser-angled wedge and continue below 1200, it may go quite a bit lower.