First of all, I have no time to put up charts today, only a few lines of my market thoughts.
We could see some panic selling yesterday. Many major indexes made ugly candlesticks so odds are quite high for more down ahead (today is ? though..). I will wait today and perhaps tomorrow and then “start buying dips” in either 30/30/40 or 20/20/20/40.
Please note that the short term trend is down, also mid term trend is down at the moment if weekly close is below ~1410. Long term trend is still up and we have MA200 support at 1380 so expect some action around there..
GL!
