Looking at this chart, it is my opinion that nothing serious has been broken.... yet
The DJI would have to break 24000 for this decline to get some legs. If indeed this came to pass, than we are looking at the first Fibo retracement.
Till then however, this is merely a healthy regrouping exercise to realign the technicals.
The daily has reached oversold levels.
The weekly has some ways to go still.
It is now time to start managing those hedges
My opinion being worth exactly what you are paying for it, usual caveats apply
The DJI would have to break 24000 for this decline to get some legs. If indeed this came to pass, than we are looking at the first Fibo retracement.
Till then however, this is merely a healthy regrouping exercise to realign the technicals.
The daily has reached oversold levels.
The weekly has some ways to go still.
It is now time to start managing those hedges
My opinion being worth exactly what you are paying for it, usual caveats apply
