And most importantly .236 fib.. .236 are reversal areas , if the dow doesn't reclaim 32,500 tomorrow we are most likely headed back to 30,000 Via double top
Watch for a retest of this level. If you notice today the dow tried but couldn't break over 33,000 at the same time Spy got rejected at 401.50 and qqq 301..
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As long as this stays under 32,500 consider every poo a dead cat... Over sold on the 1-2 hour time frames so expect some chop ....
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Falling wedge here.. still bearish under 32,500 but things are oversold and we could see a pop
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I warned you about .236 fib.. Rejected there, next leg down has begun, target 30k or white trendline support.. Watch IWM for a breakdown in 170 for conformation here.
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Looking for a pullback to 31,800 should we reject again on 32,500
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