The most relevant information from the price is that 91.76 held on $TNA as seen here (link). Should the price advance above 96.50 we can consider bottom is in. Contrary case immediate target for the market is 88.46. Since we expect action to be after hours, potential exists that any gap down satisfies our 88.46 target on $TNA through $TF.
The shape of the short term and long term razzmatazz waves continue being bearish. PCR (Put to Call Ratio) is at 2.916, that provides a neutral to bearish approximation for the market too. 2C-P readings are not low enough to signal a rally can start or can be sustained.
We maintain a solid buying range for from 86.45 to 84.82. This does not exclude 77 from our eyes, since as reported on November 7th this move still can be a diagonal 77 is equivalent to .618 from the last low, chart here:
Picture continue being mixed. Reason we sold our position bought at 91.99 while we wait for more information from the price.
