Why was I expecting selling last week?

Question via email: How did you come to the conclusion that by the end of the week, there will be continued selling?

Answer: Hi! Good question! The analysis was based upon the daily time frame. The indices had just triggered a setup on that time frame and follow through was slated for 5 days, which, given that the trigger was the previous Friday, it put day 5 on Thursday. This is comparing the previous daily drop which began on 5/19 to the one which began on the 6/6.