Let's start with contextual analysis first.
As always, to read in junction with my previous analysis with link above is advised.
Right now it comes to half of March and the roller coaster has been running all the way down to around 28500-29500, with big shake from session to session. Have got a feeling that market will be set to kill the volatility bulls for the coming couple of days, before it decides which way to go (downward then most likely). From day chart, interesting analogised...
Sell off finally came after a post-gap mark-up of approx. 600 pts to 31116, the third trading day after the exhaustion gap.
S&P is about to tank and it correlates with hsf. Another observation is that there is heavy short of put option at 26000/26200 this month. It is likely it would tank below 26000 next week and go back to above 26200 by end of Dec. Guess it will pump in the day and tank with S&P at night. Pumping on Monday morning provides good chance to short. @lonelygenius