Chart has info, politics and external factors play a role in market economics which cant be accounted for, but this one loves its history. I believe we still have some more downward action, but the floor for this one isn't much further imo. Ill add more to this as the weeks go by and change structure based on market sentiment vs industry pulse
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It was a slippery slope today. Bounced off the purple trendline and that support is the only thing between a free fall back to high 9's at this point. If markets continue to do poorly I don't see amd having the ability to fight off the bears. However if you take the fibs and use purple line as support it's a short window for a move up and could be strong. Still bearish but let's see what the mkt is doing in pm