Volatility comes fast and the fail of that 4745 today unleashed a waterfall. As I’ve written all week, fail of 4745 would see a rapid move down to 4700-4713 and rapid it was. The next level down as posted was 4700-4713 and concerningly for bulls, this also didn’t hold (though it did react for a short period). The RSI is totally bottomed out so a relief bounce likely coming, and how this performs (and what levels it reclaims or doesnt) will tell us what the rest of the month and maybe the quarter has in store. Chart & Analysis below
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