I did this analysis usin elliott waves. As you can see, we are in the fifth wave, so I'm betting on bears atm.
The last support zone, that I called Hail Mary, is in my opinion where we should bounce if we are going to go bullish ever again in this market. If we go down beyond that, the burn is imminent in hell. That red zone is where bulls are going to have to fight with all they have. For I'm going short until the 5th wave is done.
The last support zone, that I called Hail Mary, is in my opinion where we should bounce if we are going to go bullish ever again in this market. If we go down beyond that, the burn is imminent in hell. That red zone is where bulls are going to have to fight with all they have. For I'm going short until the 5th wave is done.