Whilst the main market settled moderately lower, there was notable weakness in Ford Motors (F), which closed significantly lower, -2.3% @ $12.80. With a consistent failure to break/hold the $14s, Ford looks highly vulnerable to the $10-8 zone.. not least if sp'1600s later this year.
Suffice to add, I like the company, great products, but from a pure chart/price perspective, price action since summer 2014 has been a real mess.
Ford has been utterly unable to attain a monthly close >$17 since 2001.
Considering the serious threat of another main market rollover, the $10 threshold does not look an overly bearish target at some point this summer/autumn.
The bigger monthly cycle is offering core support around $8.. and that is a full third lower.