SMG buy signal to come on a break above this downtrend line with dual resistance levels (zone) plus 200-day MA’s likely to come into play but bullish if SMG can clearly take them out. Daily chart below but be advised, earnings within the next week.

I’m not sure what you mean by “is it bouncing back now or still OTW down?” It is bouncing today, as it was (as stated in the video yesterday) within spitting distance of my T2 support yesterday with the PPO & RSI “buried” (extremely oversold). This link will start at coverage of /GF.

https://youtu.be/9Ib7ocEEUfc?si=N_DFJwBxy7NxEvtz&t=1112

So I’m guessing maybe your question is “is the drop over for good or is this just a corrective bounce with more downside? If so, that is my best guess but as stated yesterday in the video, the R/R is no longer favorable to short…or at least wasn’t yesterday.

Today, one could make a case to short on the backtest of this trendline and/or on a continued bounce up to, but not above, that 355ish resistance/former target just above (with stops somewhat above that). Here’s my 120m chart. LMK if I didn’t answer your question the way you intended it.

any thoughts on SMG?

What do you think about /GF? Is it bouncing back now, or is it still on the way down?
Thanks,
Dan