Look at the weekly monthly daily chart all i c is red bars - not...

Look at the weekly monthly daily chart all i c is red bars - not redbars interspersed with green but red red red. We broke the 2016 lows

There is no bottom forming in any respect of true technical analysis - there is a bottom forming in the sense that CBA bulls cant believe its falling like it is - is it still a good bank yeah sure but that in 2018 doesnt necessarily save the sp.

EOD tho it is extremely difficult to pick bottoms but I can say with certainty that the charts dont say a bottom is forming - it may be if this is the last hurrah of selling and this is the first bar but no one knows that until a formation actually starts to form.

i going with under 60.