Some chances of lower high here (40%), so now bears have some hope that today can be a range day. For now a reversal day still is a dream, but if the blue line can be taken decisively in the next couple of bars then maybe $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321500#p321500
Consolidating below the neckline so bias is down, the breakdown has chances being real. But still it could be just a range day unless we see big consecutive red bars (at least 2 in a row) $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321501#p321501
Need down more to exceed the tinted area (100% measured move target) to "guarantee" another leg down. Right now, still could be a range day, i.e. now is simply seeking the range low $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321506#p321506
100% measured move target reached so likely there's another leg down. Still could be a range day though, I mean still don't know if today would be down and down till the close as down till the close day has been rare $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321507#p321507
The very first test of EMA20 in 2+ hours, so in theory the rebound should be sold. I don't know as most down days would have a sharp rebound before the close, so not sure whether such a rebound has started or not $SPY $SPX $ES_F http://bbs.cobrasmarketview.com/viewtopic.php?p=321511#p321511