Day 31 - week 18. The 200dma (588) should provide enough support to put in a bottom before the bounce. Being week 18 we are also deep in the timing band to put in a weekly cycle low. Be on the lookout for a swing low and BUY. As soon as we break out over the downward trendline that would signal a new weekly cycle and new ATHs to come.
It looks like we had a shortened daily cycle at 25 days. While there was a little run higher we still never broke the weekly downward trend line which currently has a low at week 14. This leads me to think we still have another week or two to put in a final bottom. A break below the 100mda would help confirm we are still searching for the low - a break about...
