bottom is in, imho.
The RSI on the monthly is oversold.
The Puels multiple on the low side, and the
Rice action remains within the upward channel.
Even if there is a room for a tad more downside, it will not be long before we resume the uptrend.
My 2 sats is that feb-March on the macro is when we start to see reversal in force.
We have not broken the prior Low, circa 29k. So as long as that remains so, the less of the chance on further downside as well, on the micro.
The RSI on the monthly is oversold.
The Puels multiple on the low side, and the
Rice action remains within the upward channel.
Even if there is a room for a tad more downside, it will not be long before we resume the uptrend.
My 2 sats is that feb-March on the macro is when we start to see reversal in force.
We have not broken the prior Low, circa 29k. So as long as that remains so, the less of the chance on further downside as well, on the micro.
Komen:
I hope this level will hold.