Last weeks map performed just as planned, however we're now seeing an inverted W on most charts and a up trend from here wouldn't be impsossible.
Bitcoin crashing could however set a fear in the market and create an even further downside.
Keep an eye out, if it passes trough the inverted W formation it will likely go further down.
DJI - Has support at 33300, looks decent... STOCH points to a it going a bit further down but shoulden't peak trough the support before a bounce.
NDX - Still in a down-trend, though historically downtrends usually bounces trough the trend on the forth wave, I think we could still see some downside but to some limited degree-
considering most stocks in the index is already down -60% since their tops and deadcat bounces are cmon.
SPX - Right on support, though STOCH and RSI points towards a slight more downside.
RUT - Technically looks pretty solid but once again, you never really know with Russell do you...
Bitcoin crashing could however set a fear in the market and create an even further downside.
Keep an eye out, if it passes trough the inverted W formation it will likely go further down.
DJI - Has support at 33300, looks decent... STOCH points to a it going a bit further down but shoulden't peak trough the support before a bounce.
NDX - Still in a down-trend, though historically downtrends usually bounces trough the trend on the forth wave, I think we could still see some downside but to some limited degree-
considering most stocks in the index is already down -60% since their tops and deadcat bounces are cmon.
SPX - Right on support, though STOCH and RSI points towards a slight more downside.
RUT - Technically looks pretty solid but once again, you never really know with Russell do you...
Bearish Divergence in daily, H&S and extreme MACD in weekly/monthly with weekly already turned over towards downside.