Having been caught out with strong rebound, I still think there’s an overall bearish trend. Would be a good short position once it hits the upper trend line.
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Just noted fed Powell is to testify Tuesday and Wednesday next week. Could be pretty wild swings. Use stop loss where possible
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Ok..didn’t reach the intended target to short…looks very bearish now
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Unless it’s abc wave to test top channel, given there’s shadow wick at 12450 area and then fall again??
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Sneaking feeling wave c is in play for top channel ….see what happens for rest of week
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jobless has given it some jolt more likely to test upper channel line by the looks of it
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Peaked at 12350 before the dramatic drop into the close at 11930 area. Bang on the greens trend line. Question is will it break or spupport….remain to be seen