The other possibility is that the current move is the first wave of another bull trend, but I doubt, considering the sharp sell-off a few weeks ago. We'll see. For the people who want to buy into the market, I would suggest to wait at least for the next oversold condition (check out daily MACD for instance).
Comment:
More negative bar patterns at current point indicating possible downturn. If prediction happens, it will be a strong selloff, as this would be the 3rd wave down. Not a time to enter long.
Comment:
Is this the 3rd wave?? If yes, fasten your seat belts.
Comment:
Our Prediction seems to be justified. The odds that this one is a major 3rd wave is increased due to the strength of today's drop.