Haven't been here for a while. It's great to see this board is still alive.
My two cents...expecting the second down leg to begin anytime now. Target on SPX 2530 with a possible under cut before a bottom. Yesterday we hit a long term trend line around 2815.
5DMA support, now it's time to look for counter trend setup, for now I think we see LOD for today, but she can fail too will see close to a counter trend setup now.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
so far no sign of reversal. in order for it to happen, the blue line must be taken decisively then usually a revisit of the low.
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here's the later day reversal up and seems no revisit the low anymore and this is why trading downtrend day is hard on either side.
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