How about that?
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I am describing a worst case scenario here folks. Bears will out with new energy and exuberance with this new shiny shorts showing measly gains. There will be calls for negative number of SPX. Weak hands would have sold by now. News would be full of how the stimulus is not going to pass. Overnight, after touching the bottom of this channel, when the hour is the darkest, market will start shooting up.
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Or... we could turn back now or after setting a new lower low. I think fibs 0.886 and 1.0 are good targets for bounce. Between 377 and 375.
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