Will the market bounce on Monday… I don’t know? It could crash, as the charts are still very bearish right now!
However, many of the indexes have actually hit their double bottom support levels from the first week of March early this year. The S&P500 is one of the few that still hasn’t hit that 1250 area, which means that we could still see some more selling early next week. But, I do think that we are near a short term bottom before a nice rally back up to form a wave 2
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