This could be the last chance for bulls

The last three-day rally with decreasing volume could be just a “kick back” rally (green lines) after the rising wedge was broken (pink arrows) if you compare the market movement in March-May with that in July-August (blue lines). If so, next week could be the last chance for bulls to escape. And one possible scenario for the market future is: a “bottom” in a week or so; a “top” in mid-September comparable to August “top”; then a leg down after that. If October ER is ugly, a mid-term crash (comparable to that in December-January) is not surprising.