At which point, the following criteria ought to signal a potential end to the decline:
1. A +15% bounce.
2. Positive divergence on a momentum indicator such as the RSI, on daily and 4-hr timeframes.
3. A rising impulsive wave structure consisting of 5 waves.
As soon as I saw the jump i thought about this post.
We can say that the decline of the market is really finished as the support zone got up to 8500 (now at 8300) ¿correct? Or is ir jusr anoghe part of the wave?
looks like we got our 15% bounce. it would have been nice to run below the .618 and form some nice bullish divergences, but that would have been too easy!
xxxx123abcxxxx, you think the bottom is in!? i'd love to see an updated count.