This area has great potential for an oversold retrace upwards. 3 Elliot waves down, plus the volume spike and the forming of a flat short term bottom shows that the indexes are primed for a short term reversal before selling resumes.
Short term long here followed but medium-long term short.
Short term long here followed but medium-long term short.
Comment:
Long at 2440, Potential upside targets at 2600, 2700 and 2800 which would also be good short term opportunities.
