like you said, "it's too early to tell", and like I said it too a bit differently
there is a need for confirmation before jumping to conclusions
in spite of such horrendous merciless mad selloff , my claculations tell me a weird story - if spy rallies 3.3% in the next seven days the reversal is postponed and we're back to bullishness and skinning bears alive
Even if that is not to happen, then (now harder to pull but not impossible) a later date high fractal close better than 211.3ish will do the same thing (this will be even more carnage than selloff if happens, only on bears)
So there are 7 days , a lot of freaking time for that +3.3% to be happening, and given the huge correction that just happened, they can pull that off in one day
But there is one other condition, the pig needs to close in the end like that or better, again, not much to expect in this crazy market, they can do way better than that with the free fed money!
not a fat lady singing yet, SEVEN DAYS TO GO FOLKS before that chance
I bet it will be a very interesting week ahead
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