de ja vu, page-138

BR, I like your charts, but I'm not sure i agree with your conclusion tho technically it makes sense.. the bounce off the retest of the downtrend line from above is one of my favourite trades.. why I question it now is that the market reaction to previous fed cuts has been very temporary, and in the last case, extremely temporary if I recall correctly.. like about a one hour rally... it seems that the problem isn't really liquidity but willingness to lend, or trust, or perhaps capacity to lend given the state of banks balance sheets.. in any case, the fed isn't due to announce the next cut til march 18, almost 10 days away, and the put/call ratio isn't in that zone where the fed likes to initiate a short burner.

I'm more inclined to think that this decline will continue below the downtrend line on your chart, and then retest that line from below in about 10 days time.. fwiw