HYPOTHETICAL MODEL ANALYSIS FOR NEXT SESSION

Applying our Tentative Hypothetical Models, we see that we have Daily Bullish Reversals that would be generated if we see another new low penetrating 6730. These Tentative Hypothetical Bullish Reversals would stand at 6300, 6954, 7063, and 7352, whereas a close above the previous high 7030 would tend to suggest that these Tentative Hypothetical Bullish Reversals will then become fixed as long as the low holds thereafter for at least several days. Moreover, the election of any of these Tentative Bullish Reversals during that session would signal a bounce is unfolding and that such a low may stand. However, if we continue to make new lows, then these WHAT-IF Reversals will be replaced by a new set until the low becomes fixed.

* "Same-Time Reversals" are when Tentative Reversals are crossed (below bearish or above bullish) on the closing of the same time unit in which it was generated (same day, same week, etc). This is similar to when a confirmed Active Reversal is Elected, but in this scenario it all happens in the same unit of time, and is a strong indicator that the high or low that generated the Tentative Reversals will hold in the relative near-term.

A closing above the 6300 Hypothetical Bullish Reversal elects that reversal...