Technical Analysis of Stock Market How Bad Can This Get?

[cliffside]

FWIW ... maybe a relief bounce ? next week ... then see where we go from there.

[walkingman]

1. Looks like you nailed the relief bounce but I honestly do not understand the logic?

Nothing seems to point to anything positive and then a massive rally? WTF?

The rhetoric from the WH is total gibberish? Willing to end the war...huh? After blowing up stuff just shake hands and kiss each other?

[cliffside]

2. I think the market was becoming stretched to the downside and too many were leaning ...

in the wrong direction. Any little rumor, including the gibberish from the WH, might have the opposite reaction. Positive divergences were starting to show up on the smaller timeframes. Also end of the month and end of the quarter rebalances, options expiration etc. We'll see if that the low holds for any meaningful amount of time or if there is another leg down.

65 minute S&P futures chart

https://www.tradingview.com/x/m1AYqNQk/

Zoomed out and slightly longer view, but you can see the how the downside was accelerated with the trendlines. Where we bounced from was also identified in the video above and another site called pretzelcharts. Thanks

https://www.tradingview.com/x/uVzg3iCN/

And the fear and greed index hit 8 yesterday, not a good tool for tops though, lows are different.