Three consecutive days of Significant Selling (red) is rare. Certainly indicates a very one-sided market but ‘can‘ sometimes mark capitulation or at least exhausted Sellers and potentially a bounce. Not very helpful I know.
If it’s the latter I need to see the first minor indication of strength on the chart which would be time spent back above 6657, the minor Control, otherwise it’s still a falling knife that mustn’t be touched and as I’ve written before ‘there’s no obvious Support‘.
read this post on Substack
Just for today, there is a v. minor Control at 6443 and price relative to that level is worth monitoring.
