10 Year, Monthly - Mar. 3 - The market is at 6 Year Lows dating back to 2002. The fall in the market has been a cascade downward. There is no perceived support other than hope. The CCI is very overbought even on this very long range chart.
2D, 5m. - Mar. 3 - Fibonacci Retracement (resistance) held at 38 & 50% and then there was a good CCI signal for a "JA" trade to the downside (Gold Spots).
20D, 60m. - Mar. 3 - Day 15 of Bear Potato. Close was at new lows of the past 6 years.
5M, Daily - Mar. 3 - Nov. lows did not offer support. Close is at new 6 year low. Trend continues to be down. What more can be said. The market is very oversold (note CCI) so short positions can be risky for option trading.
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