The market after 5 days of selling the market looks to have found support off the 200dma which has been a rallying point in the past. However this time the conditions under the market are alot worse so I am not confident we see a V shaped rally here.
When we look at the market on an hourly basis we can see we broke below the descending channel yesterday and are on the verge of recapturing it today. Which would put my next target at 2092ish are where I think we have a good shot of heading back lower. We are still playing 1/2 position sizes in the members area until the market structure under the surface improves. Best of luck to you all.