4/7 Bearish. 3100 Selling.
T2108 is Bearish – Caution. Primary Indicator is Bearish. 20% Weekly is Bearish – Extreme Caution.
The market continues to show bearish sentiment with significant declines in major indices. Energy sector saw the biggest drop.
Upcoming Catalyst: February Consumer Credit data at 15:00 ET on Monday.
Key Takeaway: Focus on defensive sectors like utilities. Consider shorting tech stocks with caution.
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Continuation:
SQQQ (S1: 48, S2: 48, S3: 49, R1: 50, R2: 50, R3: 51)
Anticipation:
MDAI (S1: 1.17, S2: 1.15, S3: 1.10, R1: 1.20, R2: 1.25, R3: 1.30)