Price reclaimed the Weekly Open but can’t reclaim the Previous Weekly Open. Holding both is needed for a Monthly Open retest. Failure targets the Previous Weekly Lows. Yearly close in 8 hours, expect volatility.
#Comp is sitting near the lower boundary of its long-term descending channel after a strong sell-off.
A short-term relief bounce is possible if support holds, but failure to reclaim structure keeps downside continuation toward lower demand zones in play.