Well, well, well. It looks like the pattern recognition types are about to be satisfied. The gap noted a few days ago is close to being filled (red arrow). The momentum (green arrow) looks like it has a few more oversold juice left in it to do the trick. Then what? Very likely the historically weak August through October period will reassert itself as 2019 mimics the late 2018 plunge-feeble rally-plunge cycle. Then what? The Fed to the rescue once again.
Only this time don't be surprised if stocks produce a decidedly different response (as in a bear market for real). Reminder: the bear call happens when the Mega Trend reversal occurs and the requisite 3 month period passes. If you don't know what I am referring to, see previous posts).
(Click on image to enlarge)
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