As this chart shows, downward momentum like today precedes big bounces but doesn't typically mark "the low”

Wow. And I call this my capitulation chart UVOL VS DVOL

...and Putin doesn;t mind the tanking of the American stock market one bit. Perfectly timed with the conavirus. His biggest wish is that it would last til the election, bring on a bear market, a recession and thus Joe Biden...

"Not sure how long the Saudis can keep this up" probably the most salient point so it won't go on forever...will end sooner rather than later. The Saudis will blink before Putin.

Think or Swim is free.

You sure you don;t want to drill down to a lower timeframe just to be sure?

Just be  glad they are not your broker and you have an open trade with them. Robinhood, anyone?

It's funny how the brain works. I saw this bull wedge this morning and just did not believe it given all the news...

Interesting: SPX wkly just bounced right off 61.8% retrace.

That's funny.

Remember this. It's one for the history books.

" Do we attempt resuscitation  or do you want to call it Doctor...?"

Yes it's called turm-Oil. Get ready.

Some of you asked about this. Closed out on Friday PM.

Thx for all your great work, Steve - U 2 Matt!

mdg: There's no way of knowing that until you see some technicals that indicate one way or another; pennant, STO up or down... something...so far at this moment I see no firm indication one way or another. (though MCD is pointing down)...As they say in advertising "Watch this space" (for one of Matts postings.) But yes, there is a bottom pivot so this COULD be all we get.

Hi mdg: There are actually several targets as indicated in blue. Main and 2ndary. These are identified by the 2 separate indicators on the main chart. The brown lines are a version of fib extensions drawn from the pivot low.

Nice. Sorry if I missed it, but did you ever say when these indic. would be avail to us?

My first target hit, now rolling over back  down into the target zone.