After warning of 200 pnts drop yesterday for monday, the futures opened 200 pnts lower at 4800
But expect to see a green bar during the day or tomorrow with 5100 as target to fill some gap and many short sellers taking profit. 4800 is at 2022 peak so technically a strong support
5100 hundred would be a resistance for further downside
If it goes over 5100 and stays there, the trendline break rule fails. Then I will have to review my further downside targets and start being medium term neutral/bullish from bearish and consider 5300 as next target and 4800 as target for double bottom for being bullish
But expect to see a green bar during the day or tomorrow with 5100 as target to fill some gap and many short sellers taking profit. 4800 is at 2022 peak so technically a strong support
5100 hundred would be a resistance for further downside
If it goes over 5100 and stays there, the trendline break rule fails. Then I will have to review my further downside targets and start being medium term neutral/bullish from bearish and consider 5300 as next target and 4800 as target for double bottom for being bullish
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