weekly picture at crossroads
either we hit this weekly sss demand zone and bounce, or we blow through it and make new lows. we are at bottom of envelope, and it appears to be turning. if sss signal stays red and we break 362.17 i thikk were in for 350.77 if not much lower around 320. if we bounce off that 363 level, and we get over the 377 range ithink were in for 396 maybe 405. horizontals dont align exactly with fib but thats because were in the middle of the retracement and havent found a bottom. the chances are low that we finish the week strong and start next week with a bounce, but i bet that when we do get a move with clairity its either a reversal around double bottom or a bearish continuation of trend.
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