Last SHORT before uptrend

2020年5月20日

SNR looks bearish on 1h chart but retesting 2009 lows is unlikely. The bottom must be very close now, 40-50 could be an excellent entry point.

2020年5月21日

注释

Globally: Senior Plc 10 year weekly chart shows that we are somewhere at the end of corrective wave C (Elliott).
After a sharp drop on 19 March, the SP had a strong intraday re-bound. For about a month the 60 support/resistance was active but bears managed to push it further down to 55. The break through occurred when the (brown) trend line met the lower (green) support line (picture a triangle). Currently testing 55 from below.