Arch Capital Group ACGL

Whippppsawwww! Red circle is where i proclaimed the next leg up on Tuesday, and boy was I wrong as price continued to fall along the red downtrend line. A break of the red line support from the past breakout and I'll be running away.  A break of $36 would be significant.  $36 corresponds to a break of the 100MA on the daily chart as well.  I remain bullish on this one and would like to get a break of the red resistance downtrend for a further move up.