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Higher low or not, wait and see. For now, it's a strong bear bar therefore bias is down.
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EMA20 now is the bear's last chance for the 2nd leg down.
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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.
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Bonus chart: Fearful market is back, two days ago $vix didn't move high enough to scare the market, today it does. becareful out there for those with $50 per point kind of traders (me)
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My comments are for entertainment/educational purpose only. NOT a trade advice.
The rebound probably would be sold. We need a rebound that exceeds the pink area to show the very first sign of a bottom.
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