Which I and def most people would not have imagined a few months ago -- remember when we all laughed at even $410 or $420 by years end? Good times ....
1. I still think this is an overreaction, that the range for the rest of the year sits between $360 and $480. And while that may change, its probably not wise to bet against the market before any pattern begins to form.
But yeah, if you look at a fibonacci of popular price points for this whole drop down, we could dead bounce and then drop one more level before every bear is short term satisfied. Now, if new bears are born by then.... we're in trouble.
1. I still think this is an overreaction, that the range for the rest of the year sits between $360 and $480. And while that may change, its probably not wise to bet against the market before any pattern begins to form.
But yeah, if you look at a fibonacci of popular price points for this whole drop down, we could dead bounce and then drop one more level before every bear is short term satisfied. Now, if new bears are born by then.... we're in trouble.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.