the "bullish" scenario, as we see it, is still set for a major pull back from this level.
looking to retest the lows. from a bullish count, would need to recover quickly to see a retest of the 4500 zone, before 5 more waves down.
there's also the chance that this is the top of the dead cat and we get the 5 waves down starting from here.
either way, this ads to our macro swing bear thesis.
looking to retest the lows. from a bullish count, would need to recover quickly to see a retest of the 4500 zone, before 5 more waves down.
there's also the chance that this is the top of the dead cat and we get the 5 waves down starting from here.
either way, this ads to our macro swing bear thesis.