The market made a lower low as expected before attempting a bounce in the morning. I see a bottoming pattern in place and we should see the Trend Average and the 50 DMA tested on this coming counter-rally as long as 2072 holds. My assumption is the correction will continue once the counter-rally is over as long as the market stays below the TA. Last but not least, the medium term trend is about to go bearish if the market fails to close above 2100 in the next few sessions.
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Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
Long Term Trend = Bullish
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