bounce imminent

Still looking for that 15 minutes of crazy capitulation and volume but at these levels we've got a .618 retrace back to the 200 day moving average. Currently a smidge away from a .786 retrace of the entire post pandemic run and already back to prepandemic levels.

A halt to the Ukraine conflict could easily put this thing back in the high 50s. Again... wars are expensive and can't last forever.