Critical week coming..
코멘트:
Essentially similar to 2015/early 2016 episode
코멘트:
This looks like 1st step of 1st part of multiyear, managed bear market based on FED liquidity withdrawal and Treasury sucking liquidity via the deficit. The bounce could be the last chance to sell if there are no changes here (or China trade wars)
코멘트:
Yesterday spike lower showed increasing divergencies on almost all my indicators. Historically, this is very, very close to some interim low, if not already yet there. In any way, this could form a more complex pattern, for example multiday spike higher to a lower high then lower low spike and then multiweek rebound, way more solid
코멘트:
In that latter case, this whole range bound trading in 2018, most likely could be a flat Wave 4 correction. Ahm this 4th wave connundrum..
코멘트:
Solid bounce so far, needs to close above the downtrend line
코멘트:
So far on track
코멘트:
78% retrace is 2860s, next 1/2 weeks?
코멘트:
More bottoming action in what looks like a similar set up as in Aug/Sep 2015 before going up into Nov
