Did Friday opex only manage to keep the lid on things, to get through the day?
Bearish channel, 5 waves down, if Friday was all we could manage from a very weak wave 2, then we're in for a bit of a shock.
S&P 500 5 waves down, ending mid-channel, extremely bearish |
If so, OK, then we bottom Tuesday and regain most of these losses by EOW.