I don't claim to be an expert. I'm fairly new so please politely correct me if you think I'm wrong. After two unsuccessful attacks at 10K the bear market set up a beautiful "faux" run and pennant. After the pennant collapsed they hunted stop losses and were successful. Once the RSI has calmed a bit I fear the next stop loss target is 10K. What are your thoughts?
I never know in this market. I think 10k is the temporary median. It will break up or down somewhat significantly from around this range.
Gr33ko
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@mobster2, It's definitely being fought back tooth and nail but my gut is telling me that it's going to drop below unfortunately. As much as I want to have my bull hat on I can't right now.