NIFTY UPDATE

NIFTY playing out the preferred sinario of: (A bounce before a sharp turn lower). Since last 3,days I had been elerting on a possible bounce which would only occur, to calm things down, specially in U.S. MARKETS!
The reason was extreme positioning and few note;worthy (DIVERSIONS) which always provides early signals! I explained this 2,days back, can go through that, if you observe markets closely then, you must have noted that!!
In the end of SEPTEMBER the new low in (DJI&S&P) was not confirmed by (NASDAQ), Hens MARKETS rallied in early OCTOBER! Simillar thing happened in this week! So a pullback was due, and that’s happening, better not to read anything beyond then that!
Another intresting thing happened with $S&P;500; Yesterday, yesterday with it’s open, S&P: broke it’s all important level of 3,507, with a flash! Now along with (TIME) (PRICE) Geometry have also given a BREAKDOWN!Will expect test off 3,260 in coming days!
Many would feel that the upmove yesterday have confirmed the BOTTOM but if we analyse TIME, that’s not the case! Yes the upside was sharp, but it changes nothing, with respect to overall structure!
If you really think yesterdays move was extra-ordinary then you are not aware on BEAR MARKET Declines, this is just a beginning of: Ultra-voletile times ahead! We will have many such sessions in coming days! To cut it short,
It’s not possible to make CYCLE BOTTOM when CBOE VIX is just 32! Never happened in past! And will never happen in future as well! Thrilling TIMES ahead for TRADERS, Coming back to (NIFTY), now!
First on (TIME) The major date from here is 19th, for all markets! Particularly the LOW of 19th,OCTOBER, would be very critical! Once market sustains below low of 19th, there would be no stopping!
Not only 19th, 17th, and 18th,OCTOBER, are also TIME CYCLE DATES! Shared these dates on 3rd,OCTOBER, on price front would be watching for 17,450-17,600 on upside! Wait for market to turn before fresh shorts! And manage volatility wisely!