Triple Bottom Test

I'm sick and tired
Of you setting me up
Setting me up just to
Knock-a, knock-a, knock-a me down
--Bruce Springsteen

Gap and go lower out of the gate on major indexes. Recent lows being challenged in what resembles a triple bottom pattern.

Rule of thumb is that support gets weaker with each successive test. Bears wondering whether third time will be the charm.

Also worth noting that daily stochastics are nowhere close to indicating oversold, suggesting more potential energy behind a downside thrust.

no positions