wave, to be oracle you need indicate direction. Everybody is expecting wild ride - just some up and some down.
This low should hold. May get one more test before we bounce higher. WAAAAAAAAAAAYYYYYYYYYY higher! If NQ does not take out the 52 week low then we go higher. If NQ does break the low then all bets are off. This could go down in history as the biggest collapse ever. Scary.
I really have no clue what will happen. Yes perhaps six years helps make some nice calls. You know what? It's not important if you have a couple of good systems trading. Simple and objective is best.
Its like the Space Shuttle the burners are going, maybe just prior to take off. Maybe its just like Space Shuttle Challenger
This is the market that you should throw your TA, your stat. away, and tie your hands to your chair and watch. Don't just sit on your hands, tie them.