There shall be blood on the dance floor again today....DOW futures down almost 700 points...will today see the bottom come in on battery metals/minerals...I sure hope so for everyones sake, because it's been an unwarranted smashing on this sector
Sub wave 4 down has now hit the 38 fib target of 29738 , then pushed off, have we seen the bottom ?
Dow futures up 100 pts, but considering i dont trust that anymore, much like the TRANNY GIRL / LINDA, then i will ignore that for the time being.
Next stop the STRONG SUPPORT ZONE, matching the heights of sub wave 1 up........
RSI 14 double bottom OVER SOLD ( yellow bubble ), has gone as low as 17 tho ( red bubble ), when markets crapped themselves due to COVID, so who knows if it goes that low, never the less, dont think that strong support zone is going to get broken to the down side.
Global X looking primed to break that strong resistance zone still, despite the DOW carnage, SP ( bull flag ) sitting on strong support at 69 ( minor sub wave 2 down ) , with minor sub wave 3 up to follow.
Global X and the DOW could be both reversing by the time AVZ gets back on the trading table.
imo
SORRY ABOUT THE BREAK IN TRANMISSION WITH THE TRANNY BASHING............resume normal activity as you will.
I will lead it off