Thanks Maged, always good to hear your opinion. 
I'm not sure how long it will take, but generally I don't think we are going to reverse before around Halloween. Either way, before we make a bottom <50 on high volume (capitulation), we're not done yet in my view.
We're tracing out yet another bull trap right now to clear off the negative sentiment that has built, and then we're ripe to go down and challenge 50 imo.
I'm not sure how long it will take, but generally I don't think we are going to reverse before around Halloween. Either way, before we make a bottom <50 on high volume (capitulation), we're not done yet in my view.
We're tracing out yet another bull trap right now to clear off the negative sentiment that has built, and then we're ripe to go down and challenge 50 imo.