I have been giving you a BULL CASE since the beginning of the weekend as my bias BULLISH due to the information I get for the past couple of months....
'But' ....' But' if we cross this RED LINE 'Do not cross' around 52.8k, the BEAR case could take much more weight...
Having the knowledge of this added scenario where another leg down could another time shake out the BULLS makes me cautious as well.
The channel should act as a STRONG resistance though and after a 20% drop, I'm still thinking the odds go in favour of the BULLS