My idea is if we hold today and don't go any lower, having already learned the news that Russia is and did invade Ukraine, then the principle of "buy the rumor and sell the news" is in play, only on the short side. In other words, people shorted when first hearing of Ukraine and now after knowing what Putin would do we had another move down and now my thought is there is in "Hopium's View," no more downside left. Anyone entering shorts now would be shorting the news rather than the rumor.
With that being said I am hoping this is a new low which would mean we didn't hit the low of 1/21 and therefore "hopefully" put in a lower low and we can now look for a higher high of above 46. You can see my ideas of where highs and lows might be and the time it may take to get there.
With that being said I am hoping this is a new low which would mean we didn't hit the low of 1/21 and therefore "hopefully" put in a lower low and we can now look for a higher high of above 46. You can see my ideas of where highs and lows might be and the time it may take to get there.