• The index lost the triple support level we talked about yesterday, meaning, we have more downside left; • However, in the daily chart, it already hit our key support at 3,911, which we also mentioned yesterday (the link to my previous analysis is below this post, as usual); • Only if the index loses this support level it would frustrate the bullish bias seen in the daily chart. So far, we see only higher highs/lows, but by losing the 21 ema, and doing a lower low, the index will probably head south again, and the gap at 3,818 would be our next stop; • So far, there’s no bullish reaction indicating that it is doing a bottom; • I’ll keep you updated.
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