Today is the end of September, and we got the the complete monthly chart:
Compare with the previous bear market, the market may consolidate or bounce back up to form a while candle. However, I don't expect the next few candles can go beyond the previous consolidation candle significantly. There might be an exception, but it seems unlikely given the poor economy outlook, even the government is so desperate to hold the market from being crushed down further.
SPX 60-min:
XLF 60-min:
Just a side note: XLF is so far the strongest sector although the chart is ugly and full of manipulation. Provided that no new low is formed, the long term up trend could be established.
QQQQ 60-min:
Once again, QQQQ is very weak.
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No chart for SSCC/TAN/POT/EWZ, etc. Wait until the market is stabilized.
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