coco puffs hit monthly line as depicted in original post(in response to) and took a sympathetic down move. I never liked down moves that didn't pretty much go down big...notice how the sticks are compact instead of just big down day, big down day...this mostly looks like a chew down into buying stops...maybe. Point of the chart, though, the daily reaction to the monthly uptrend line. Would expect it to go back up to test, or attempt a test, of the shorter term uptrend line.

One never knows, however.