This is still just an inside month.

For all the rhetoric of crashes etc, just remember we are still in an inside month, we have gone nowhere! Trend is down on all timescales but that can all change in the next two weeks with the new month and the seasonal strength starting the timescales afresh. Don't get married to an idea.

Also to note- this chart shows beautifully the importance of monthly closes and opens in relation to yearly pivot points. Look how often they coincide with each other. Another reminder to scale out to the bigger picture and not get sucked into the noise of emotional rallies and sell offs.