Yes, it's a bloodbath but we will lick our wounds to trade another day.
We may not bounce today. But hopefully we have some bullish activity into close...
Nasdaq showing bearish momentum all over. Expect to test at least yesterday's lows when panic selling begins early in session.
Bounced off the top of descending channel with minimal volume. FOMC minutes will direct us into our next trend.
Bulls trying to push Nasdaq out of this channel before close.
Bearish signal triggered on 1HR chart. Estimated entry point at ~107.50.
Pitchfan showing resistance pts. If we take out 120, I would expect a run to 124 unless China stops this dead in its tracks.
5 min chart showing major resistance.
TTM Squeeze is building up for big move. Hope this doesn't #fail
1HR chart shows selling pressure. Bearish momentum to about 121.44 then a possible bounce.
We better bounce at $50 (significant psychological support)
We are approaching a significant psychological support.
Oil is consolidating at the $50/barrel, we may see lower prices soon.
This might be the end to this great bull run. This week will confirm.
Iran's oil ramp is definitely not priced in.