Bullish:
5 waves off the lows;
Some huge caps are bullish (AMZN, GOOG...);
Prices squeezed between the daily and 4H Vegas waves and still not dumping;
Hidden bullish divergence on the 12H RSI;
Daily RSI bear market resistance around 50 seemingly reclaimed.
Bearish:
Geometry is horrible (upward pitchforks median lines untouched, prices channel well);
Volume is anaemic;
June VIX futures at support.
5 waves off the lows;
Some huge caps are bullish (AMZN, GOOG...);
Prices squeezed between the daily and 4H Vegas waves and still not dumping;
Hidden bullish divergence on the 12H RSI;
Daily RSI bear market resistance around 50 seemingly reclaimed.
Bearish:
Geometry is horrible (upward pitchforks median lines untouched, prices channel well);
Volume is anaemic;
June VIX futures at support.
Commento:
We seemingly had two flats in a row (triple ZZs are rare patterns but when those occur, the most common connectors between the two ZZs are flats).