jaqobs

jaqobs

This long sideways crap may be drawn out until December. I do believe that there is a high probability that 6,000 was the bottom and we may range between 6k and 9k for quite some time. Volatility has been going down steadily, tightening the ranges. Zoomed out, the whole crash looks like a bull flag that may continue the uptrend after a breakout. Declining volume...

jaqobs

After consolidating in this range for nearly 2 weeks, the bear flag broke down quite violently. There was a high volume sell off and this could be the beginning of 1-3 days of capitulation selling to finally form a proper bottom.