So it turns out my original analysis before I changed it, was actually pretty spot on. Looking for a bottom of about 9150ish followed by a strong bounce. Will be laddering longs from 9200-9000 in intervals, with a stop below 8900 (if we go below this then the idea is invalidated). If the pattern plays out it will have a great ROE as the expected target for the first leg up is 11K. Link to original analysis below.
Comment:
Unfortunately, missed my low 9's long entries. Will short from top around 10,950 which we should at least push up to. Shorts laddered between 10,850-,11,050 with stop losses 11.200.
