This chart is pretty simple. It shows you two main trends and the converging point. We're now almost a year from that impressive run from 3200 level. Caught everyone by surprise without giving a chance to buy pullbacks. There wasn't decent pullbacks. And the reaction at the top was nasty. And we're still feeling the consequences of that massive selloff at 13400.
Now almost 50% down from the yearly high we've sold enough. I tend to think we're going back up sooner. Well at least it's better be soon, you don't want to be bag holding another 20% drop. At this point i'm looking for longs.
Now almost 50% down from the yearly high we've sold enough. I tend to think we're going back up sooner. Well at least it's better be soon, you don't want to be bag holding another 20% drop. At this point i'm looking for longs.
