neutral on ET

I am quiet Neutral on ET at the moment. It showed some signs of a bounce on the 200 SMA but unless it can reclaim that 50 sma I am not bullish. strong area of resistance in coming which could create the first wave A. wave B could be a retest of the 200 SMA and wave C could be a break through of the 50 sma which will create the beginning of a new bullish trend for ET. All in affect probably mid Oct. with how this market has been all this can be invalid on any news coming from the FED or any update revolving around COVID. Good Luck everyone.