Sol is looking very weak. I expect us to bottom around the $120 mark then push back up to around $200. From here we slow bleed down to $80 and possibly $50 after that. $80 is an excellent buy while $50 is a dream buy. Oscillators show we have bottomed or will bottom soon. We are bearish until we return back above and close above the MA.
Comment:
May get one more push down but otherwise I think sol rallies back to $190 area. If market structure does not change I recommend exiting there.
Comment:
We may not even get back to $200 area. Broader market is very weak.