I am guessing we are heading into the last flush out in the next few days, maybe into early next week. We already have buy signals and very clear positive divergences developing on multiple daily charts so if and when this flush happens the reaction will be fierce. If the market makes a strong dip, I will start scaling into some intermediate term long positions.
Still working under the assumption this downward channel is intact.
Oversold conditions worked off on hourly
We have a buy signal but going to wait for positive divergence btw price and the indicators to go long. I think we are very close.
This was a bit of a surprise. VIX is really hanging in there and printing a reversal candle.
IWM barely moving so it casts more doubt on the strength of today's move.