Dip buyers have not been rewarded in this sell off thus far. Every pop has been sold on larger time frames, and I believe there is much more correction ahead of us from a technical standpoint. The Golden Golden Pocket seems like an appropriate level to retrace to. We still have rate hikes, global turmoil, and I don't believe panic selling has set in yet. We could very well chop around here for months on end, but I don not see a compelling reason from neither a technical or fundamental standpoint to push this thing back up to ATH's.
Until we see meaning trend changes on larger timeframes, I can not be bullish.
Until we see meaning trend changes on larger timeframes, I can not be bullish.