Combined US Indexes - Breakdown and Jitters

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Marked out previously, the US indexes broke down a tad earlier and retested to fail only to drop further based on jitters and jitter-induced expectations.

While the candlestick is long and solid pretty much, there is an extension zone to expect more of the downside to overreach and be oversold before a bounce.

You should be able to see that the Buy Setup is pretty much done and can expect a bounce reversal soon... but only after momentum ebbs and a base support is found.

Watch for it...

Penafian

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