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" It is what it is department", Market has been selling hard all year this year.
good news, Friday's dip Triggered Buy entry for this time frame. (Triggered when RSI recovered over 30) weak reversal candle but it is a reversal candle nonetheless. Make or break you can see where I highlighted in the past in yellow. the following market closed below Friday's low will stop out this buy entry. R/R control is very cheap and manageable, low risk high reward area, react to it, no prediction, a pure form of good TA.
On my swing setup: there is no failed sell just yet, need to see next sell setup and fail then the daily buy and swing setup will align, if so, buy anything that walks. one more sell setup here, price is still well under 5 DMA.
Intraday: The new fresh swing low is still showing up, same playbook here, a trade above 61.8% will be a buy so is the trade under 38.2% will be a sell. this is do or die for both side, weakness that follow on Monday will eliminate the buy setup on the daily time frame.
Internals: the immediate internals I posted here daily suggested there is a force of buying. if you are shorting the market, this little warning sign can go a long way, take a heed with tight stop or lighten up the holding. if Adv/Dec issue ratio and volume were higher, I would say it's very bullish. as mentioned earlier, weak reversal. strong close Monday is needed for a bullish view. Peace!