face down friday, page-131

Got my new low on US markets last night as needed for 18th, but no huge recovery.

With no US trading Monday we probably half a higher low, but lower close Monday and maybe even an up day Tuesday.

Then its up to the US to give us more.

SPI drop once again puts XJO at the two trend lines at daily close if day's end is not much different.

Single daily seq buy was Friday and a single is significant until it turns into multiple ones.

My personal notes tell me a close below 20 on RSI which we got Friday says "a two day bounce then see".

My 21 day average on US equity put/call is the same as the day before both the March and Aug bottoms.

I desperately need to see a big SPi discount and can't see Moday doing it because there is no US trading at night to fear. Maybe it comes with another leg down.

Here is a silly thought, if the 80's bull went up 5 times the low and fell 50%, this time we have gone up 2.5 times, do we fall 25%?

Anyway, could this be a major bottom? Every technical screams no, but it may be the place where least expect it, because major supports in the US seem busted and wave structure is incomplete and cycles and measurements don't match.

Probably a good spot as any for a rally though.