Expecting continuation of the downtrend which started with the rejection of the new ATH.
- VOLATILITY: Monthly swings of around 20-30%
- VOLUME: Expecting to remain high (modal daily volume +$20bn across top futures exchanges)
as participants engage in "buying the dips" and Longs from around 50-65k panic sell seeing over 50% permanent drawdowns.
Comment:
forecasted pace too fast, will stretch out a bit more in time
