|11:58 AM - 5 Min|
9:20 AM - Looks like the bears have now created a larger degree five wave move down. I have adjusted the 5 min chart accordingly.
I am posting the daily chart to highlight the possibilities I am tracking. Given the five wave move down, I have to learn towards the bear side.
However, because the daily chart highlights several possibilities that implies lots of chop to come, we should be looking for a range to trade.
Let's see if 2000 provides support here and a bounce.