All in the video, I do expect a bounce soon for about a week or so. 4k-3950 could happen by tomorrow....
노트
4hr rsi on futures already near it's lows. Chances are a bounce comes soon but more downside would just get it to extremes on the rsi.
노트
SPY BB at 400.44
노트
SPY BB and pitchfork support. Not much more downside before a bounce in my opinion.
노트
we could go down some more, but daily rsi is already quite low - similar to the last daily rsi lows. As I said in the video, I expect a bounce for about a week to reset that rsi - at least a little bit.
노트
hourly chart suggests one more low and then bounce -
노트
to target area
노트
possible bear trap for the morning. We could also just run up, but i think another low first would look better.
노트
weekly MA on the Cash index "should be support" - right now at 3967
노트
support found at that weekly18/daily50 and daily BB. Underneath this support and it's bad news. I think it comes eventually but first a healthy bounce.