" It is what it is department" Where are we now? this is it, the end as we know it.
Nothing to be bullish short term, the question is " Is there a blood on the street yet?"
Capitulation? dead on 200 MA with a high spike in volume. more time than not, there will be good dead cat bounce from here. Daily trend following is bearish, rip will be sold.
Swing setup is selling, rip will be sold.
Intraday: this is where everything starts, swing low continues, negative price action on Friday, so, it is what it is until I see some changes at the lower time frame before I can say it's time to reverse the course. keep it simple, know your time frame of a trade. trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.