Thanks. I am bearish in the larger time frames - until proven wrong. Fortunately, at this juncture it will not take too long - or too far - to be "proven" this way or another.
Just finished labeling a quickie on SMH (sorry - oversized). At this time, the bounce should remain fairly shallow, and not overlap with the low of "i" - 35.60-ish. If the low of "1" is violated - a little above 36 - then, the entire decline is in question. In that case, begin thinking "up"... or, at least, seriously consider the possibility.
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