Blood In The Streets

What a bloodbath on Wall Street, indices down 15%-20% or even more (small caps...) since the high of the year. Here some weekly and monthly charts. A rip higher is waiting round the corner, but seems like we'll get more fresh new lows first. By the way, those montly candles are not closed yet of course, but just indicating how much we lost in a couple of months, much of 2017 gains are gone now.

And please remember, one big rip higher doesn't mean we can't see new lows afterwards. Rallies in bear markets can be ferocious.