Taking a break this weekend to refresh! but looking over everything, and refer to my setups below in comments
- tomorrow HAS to UP and UP BIG for the larger 'c' wave ...if not, then high odds were already failing on this IT bounce attempt which has been my expectation as stated - a range, and long winded attempt to make a major IT bounce but that eventually it will fail ...alot of signs of that already on the setups/signals/model.
- I do expect 'support' this week still as election near, and FED won't want a cratering market that in any shape form blame can be blamed on CB as 'political' - so downside if any, shd be limited as i've also been saying
- I see alot of Psy Ops again working on retail to go from current bearish state to a bullish state will take at least another week or two I believe then POST election if this occurs, is where the danger of a new leg down to new lows increases.
ALOT on the line here for bulls on mon-tue because as i've said - we 'shd' be making IT major low but model puts it low odds and really mon-tue is last chance saloon for it to breakout to upside ..and at least get that large 'c' up .(see previous charts)
chart setup
https://www.traders-...2-vix/?p=878318
https://stockcharts.com/public/1999623
source: https://markdavidson...entary/comments
Edited by EntropyModel, 23 October 2022 - 09:18 PM.