BEAR CASE: In a downtrend, lost the 200 MA, retest prior lows, looking for $6,900 first, if that doesn't hold look for $5,900.
BULL CASE: : Potential for Adam and Eve bottom or "W" bottom. Harmonic XABCD pattern where our target would be $13,155 to $13,800.
If you are to go long, I would wait for a break out on strength of buying, otherwise you should be short.
BULL CASE: : Potential for Adam and Eve bottom or "W" bottom. Harmonic XABCD pattern where our target would be $13,155 to $13,800.
If you are to go long, I would wait for a break out on strength of buying, otherwise you should be short.