The consolidation we have seen over the past day confirms my suspicion that we will not bounce at 6k. We are gearing up for a much larger drop down. As shown on the chart, the 5460 area will provide a rest stop and will be an area to watch as we go down.
As always, we could still break to the upside or move sideways for quite some time.
As always, we could still break to the upside or move sideways for quite some time.