i would suggest watching ~360 as an area for a bounce.
1) it is an important weekly angle.
2) we are coming up on 7 months down. 7 being an important time frame.
3) we have retraced 175% of the initial wave down.
4) hardly do you ever see market go down into an election.
5) mercury crossing americas midheaven. jupiter and neptune in conjunction.
6) fear is at record highs
7) everybody and their mommas are calling for a recession and the fear pumping is unreal. buy when blood on the street.
Many things are lining up and this is exactly what you want to see during reversals.
my suggestion is to load up on long positions for a move up into sept.
full disclosure. i have BA, BABA, SPY (majority)
1) it is an important weekly angle.
2) we are coming up on 7 months down. 7 being an important time frame.
3) we have retraced 175% of the initial wave down.
4) hardly do you ever see market go down into an election.
5) mercury crossing americas midheaven. jupiter and neptune in conjunction.
6) fear is at record highs
7) everybody and their mommas are calling for a recession and the fear pumping is unreal. buy when blood on the street.
Many things are lining up and this is exactly what you want to see during reversals.
my suggestion is to load up on long positions for a move up into sept.
full disclosure. i have BA, BABA, SPY (majority)