Poking through the resistance as we speak, let's watch how the quarterly closes
Evergrande collapse + found support on the Monthly OB Idea totally invalidated below 6.23564
Could work, could not, could be oversold, could be not
Possible ltf higher low in the making Above monthly Above weekly Above daily Could still go few bucks lower, but could very well not Will look for lower entry if todays low doesn't hold
Above monthly open Above weekly open Above daily open Above year old range = Send to above 300s
Closed above yesterday and retested today
"If one wanted to "prepare the battle field" for a bear market, I'd think wiping out the boutique short fund industry while loading up bagholders with the worst garbage at the highest prices might be optimum." twitter.com "Killing the "shorts" means little downside protection when sellers (panic bid hitters) show up on mass." twitter.com twitter.com
For confirmation wait for ltf bullish PA from Quarterly OB / equal range extension
If indeed we repeat the history