slim十oddz OP : good read on that divergence , little early but great entry trade all the same . good luck !

slim十oddz : What you really need to ask is how much the market has already discounted that scenario and secondly, whether the latest results released so far are supportive of an entry point.
To the first question, the oscillators have been diverging on the last couple of down legs. This implies that each subsequent leg down is weakening and portend a possible change in trend.
Secondly, most recent financials seem to show that the bleeding is at best halted or at worst slowing. That does not mean it's getting better, just not getting worse.
Long story short, I nibbled some yesterday just to get some skin in the game and join the rest of you folks to watch the game.

slim十oddz : Ditto that. Going long with a 52 entry. Like the technicals on this

slim十oddz : funny that that would be the reason since CT only dropped a little while the broader market reacted more ... hmmm

slim十oddz : wouldn't call it a rejection but a healthy correction, it has after all bounced relatively uninterrupted off it's recent lows. Furthermore, recent lows indicated a bullish divergence on multiple oscillators . I'd be more inclined to say it's consolidating and should find some support between the 30MA and 60MA. The 180 upside should be retested  thereafter.