I'm not sure you answered my questions re bull market, bear market etc.
Retracement / pullback is perfectly normal, but is expected to hold at Support. That is precisely what you retrace to. It didn't happen.
Otherwise it becomes a potential (actual) breakdown, by definition. It smashed right through, very violently, unexpectedly (it was "supposed" to happen after NFP Release tonight...your typical Market Maker bull sell stop raid - but it was far more than that). I said Tues night it would continue to crawl to Brexit Day Open / low (next Support), and it did, and that's where it is now, at Brexit Day open level. So it was smashed tru two supports, narrowly holding Brexit level...for now....
Many here think it has broken down, and will continue to do so. Others such as yourself will differ.
That's exactly what makes a market. Nothing new there.
I do see a dead cat bounce next week which will suck in a lot of bulls as it approaches (and presumably fails) the new Resistance level $1,302 (which was the old Support).
This Post
19693778
is well worth reading.
There is a dedicated thread for TA / Charts.
But I think this discussion has come to an end, as we have diametrically opposite views, and so it's best to leave it here.
Thanks
