As the Dow 2-hour chart below illustrates, the index is smack dab in the middle of its Fibonacci reversal window, measured from the most recent leg down from Aug 26th to the recent Sep 6th low. Other stock indices are similarly situated, all between the 38% and 62% retracement levels of the same leg down. That makes a reversal back down, "imminent" - within hours to days - but I can't be any more specific than that. Convictions with increasing certainty: (1) The 2022 lows are not in; and, (2) The worst in terms of market bearish price action is still to come. Bitcoin Bitcoin is up over 10% in the past 24 hours, up over $2,000, yet its chart still looks like crap. Bearish.
