POSSIBLE PATH TO RESISTANCE THEN SUPPORT FOR CORRECTION THEN WE WILL BREAKOUT OF THE LONG SIDEWAYS MARKET.
I WAS LOOKING FOR LOWER LEVELS BETWEEN 7-5K WE MAY STILL GET THERE, DO NOT KNOW IF THE BOTTOM IS IN. LONGER TERM IT LOOKS BULLISH.
IT ALMOST REACHED THE BUY AREA NEAR 7200 AREA. WAS NOT EXPECTING SUCH A BIG MOVE COUNTER TREND. IT IN THE RESISTANCE AREA. EITHER IT BOTTOMED OR WE ARE VERY CLOSE WITH ONE MORE MOVE LOWER.
STILL BEARISH FINALLY BROKE SUPPORT. IT FOLLOWING THEN PROJECTED PATH.
POSSIBILITY OF CYCLES, THE BULL RUN THEN SIDEWAYS , THE BOTTOM AND THE NEXT BULL.
LEVELS ARE MORE IMPORTANT NOT TIMING.
TLT COULD BOUNCE TO THE RED BOX IF SUPPORT OF THE GREEN BOX HOLD. BUT STILL LOOKING FOR LOWER LEVELS.
CRUDE BULLISH TILL RESISTANCE THEN BACK DOWN TO SUPPORT.
LONGTERM VERY BULLISH.
WE ARE A WEDGE INSIDE A WEDGE AND NEAR STRONG LONG TERM SUPPORT.
STILL BEARISH AND POSSIBLE PATH. LEVELS ARE KEY NOT TIME.