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Testing the previous low, double bottom or not, wait and see. My guess is it'd a range bounded by blue lines.
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2000 tick bars went from 60 seconds to 20 seconds when this drop to 6,600 got going. I swithced to ticker tape speed instead of equal bar spacing to make it clear. Doesn't seem to be much interest in going up. Bears have to be fearful if they go to far the White House will stir up the market again. Also the Treasury funding ends today I think.
Testing day low, 50% chances of double bottom here. Need 2 consecutive strong bull bars for better chances.
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Touch the blue line below again then breakdown would be more likely.
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Back to the red EIS bar, bearish consolidation is to continue to the next downside level. Bulls need a miracle from here. sell first ask question later. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Looking like that prior chunk of volume is providing some support. If bulls don't turn this soon there really isn't much below. As the prognosticators all said after the Monday tweet, the market was ready for a big drop. Not expecting a black Friday but a grey Friday seems possible right now.