Just thought I'd post this for those interested. Hope folks took profits up high.
So when an SP suffers such a dramatic fall our focus should shift to only looking for reversal signals.
In my opining, I'm seeing exhaustion in the selling and the chart is printing signals that show a few positive things in regards to the selling slowing down.
My RSI setting are set to a much harder standard and it is showing that's it's well into oversold territory. Plus the last few candles all have long lower wicks indicating that demand is now absorbing the supply.
Anyway keep an eye on it, I may be totally wrong as May is always a shite month but I have to trust the chart.
Cheers
