Markets are breaking the lower TL supports, obviously based on the premarket and oversea market actions -- continuing extremely pessimistic sentiment. Lower EW targets are now obvious as I noted before if and when markets regressively break supports.
Based on premarket, DOW 8000 is broken with gap-down and will be trading near at 7900+/- support and SPX 810 +/-.
Note) With massive job loss, many Americans would be cursing the bloody money makers hyping markets for short fortune with mass pain and suffering.
Qs formation ~ turn this to right side 90 degree -- a window of 29-30 +/-. SPX is less perfect symmetrical triangle formation. Breaks from the formations as initial signals. Intraday 60min is starting to turn upside providing a bit of positive momentum.
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