As you can see from the white dotted projected path which I have not adjusted at all, the previous analysis was pretty accurate with a bounce to 25800 and move lower. We now have a lower low from the one made in the initial sell off and monthly S3 pivot providing strong support as you would expect. From this point I am going neutral as it seems too far to get to the yearly pivot in this move, particularly as it is below the S4 and S5 pivot so chances are remote statistically it will make it this month. There is a great battle between bulls and bears with all rips being sold into so a move down to 24700 and the WS2 still a possibility. Unless you thrive in chop save your trades for a better day.
Comment:
Spoke too soon, still following the original path and no sign of reversal yet!
