wednesday - bio's confirmed shorting, page-23

This is where I likely see the market headed, at this point in time. Expecting a few more decent market drop days to come.

On chart below: This would take us up to the 200dma on $US (also complete the H&S target, and where I plan to exit my shorts), then possibly correction back down to re-test the $US trendline as support, just as the VIX has recently done. Perhaps completed as a low in mid-August. This would keep the bulls happy for a while. Would produce a double bottom on $US, before it once again takes off higher, and subsequent lower market.




I know Jaolsa sees it slightly different, and I'd be keen to hear how she fits mid-August in as a market low. The only way I can see this working is if we have a monster market decline here, $US heading above 200dma and we come back and rest on that 200dma as support.