This morning's spike is inexplicable, with only one interpretation: this week might have bottomed out. There are four days left in the monthly chart, which is closing around 68,600. Another extreme is a drop below 59,900 (1% chance). Don't chase shorts, and don't support going long either. It's best to stay on the sidelines, wait for the market to clarify. Not trading for a few days won't kill you; you won't make money, but you won't lose everything. Big losses can be deadly!
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This morning's spike is inexplicable, with only one interpretation: this week might have bottomed out. There are four days left in the monthly chart, which is closing around 68,600. Another extreme is a drop below 59,900 (1% chance). Don't chase shorts, and don't support going long either. It's best to stay on the sidelines, wait for the market to clarify. Not trading for a few days won't kill you; you won't make money, but you won't lose everything. Big losses can be deadly!