The ending game.
Massive, steep slide is fulfilling downside objectives.
The mid-morning bounce from 2089.50 wasn”t shallow. But it was a bias-down environment, whose 2088.00 target remained outstanding. All of which would have been ignored back above 2098.00.
So, the bounce touched 2098.00, but never triggered it. A sell signal did trigger back under 2094.75-2095.50.
That has been quite productive on the way to sharply lower lows. The slide steepened into a Running Correction that overlapped 2088.00. It steepened again to new lows at 2082.50 and 2080.00. Oversold RSIs at the low will require its retest.
This afternoon”s bias-down signal was renewed by not recovering 2088.00 at 1:20. Its renewed bias-down target is essentially met, but still has room for noise down to 2077.00.
Regardless of the low”s required retest, or the potential below down to 2077.00, back above 2086.50 could start to reverse momentum back up.
