Edited the moving averages from the last post. Targets remain intact. S1 at ~1000 and S2 at ~650. We are in a clear bear market and have just broken the 0.786 retracement level and crossed key averages. More doom to come and looking for buys at 0.618 and 0.5 levels. 50% buys set for $1100 and 50% at $650. The orders may be active for several months but I'm confident the trend will continue. I would rather be in cash and miss a short uptrend/retrace because there will be many opportunities to come.
Commentaire:
RSI is <50 and has yet to be oversold.
