Fear is in the market, reasonably so, after such a huge drop. We haven't seen anything like this since February. Many are suggesting that this is the beginning of the bear market, if you're one of those individuals, I'd recommend waiting for more signs to support that idea. As If things end of playing out the way I believe they will, you will end up with a large loss. Not to say that I am correct and you are wrong, but simply suggesting that there is an alternative count and to be careful, I'd hate for you guys to get sucked into a trap. Expecting a bounce to begin around the 2680 range and followed with strong upward momentum.
AS ALWAYS THIS IS NOT FINANCIAL ADVICE
For educational purposes and a means to share ideas.
What do you think is happening in the market?
I'd like to hear your ideas!
Zerotozeros
AS ALWAYS THIS IS NOT FINANCIAL ADVICE
For educational purposes and a means to share ideas.
What do you think is happening in the market?
I'd like to hear your ideas!
Zerotozeros
Comment:
Look for 2775 to break. Then expect some resistance around 2830.
Just to clarify: My analysis isn't representative of the time in which I think the correction will take to play out