Before the close (maybe last 30 minutes), market likely to have a nice bounce. ?? Shorts covering... don't want to take the risk of an "announcement" over the weekend which sparks a rally. ??
I'm keeping an eye on support at 8000.... If we retest and bounce I'll then be looking for a 3rd test.
Normally this might work, but are there any people short here? Most people stopped shorting due to the SEC ban, fund withdrawals, or just because the market was so oversold higher up that they covered, and the few that stayed short have probably got whipsawed out. IMO just as likely is a last hour bloodbath as margin selling and redemptions result in people selling at any price. It's a coin flip either way.