NOt as bad as many feel. We are trading in a large falling wedge. Unfortunately the .5 fib level didnt hold and we are now aiming at the golden ratio .618 to fall back to one of these days.
Looks like we are having a relief rally right now.
3500 at the .618 seems to be the ultimate support to hold.
Overall, despite the feelings, the long term chart is looking good
Looks like we are having a relief rally right now.
3500 at the .618 seems to be the ultimate support to hold.
Overall, despite the feelings, the long term chart is looking good