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No idea up or down from here. The chart may missing a revisit of the Aug 6 low but I don't know whether the rebound was over or not, i.e. it's possible another rebound to near the rebound high then finally the 2nd leg down to test the Aug 6 low, or simply the revisit of the Aug 6 has started. We'll have to wait and see.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
bears are fighting, better than I thought but still in danger, need work harder, much harder. cannot believe bears still cannot be trusted in the current situation.
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$TRIN is key, if we can closed with $TRIN < 1, bulls might have few more days to run, until the hourly into a sell, by then the daily will trigger and counter trend bulls at this stage will see if this is true bottom or not, so far so good.
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