what's your guys prediction on how low we will go until a real reversal?
My worst case is in the lower 40k's
Hopium:
If I check the weekly I see a huge bullflag forming over the last half year. It looks quite convincing
Bottom of current channel is around 50k.
For a full bottom I reckon we see low 40s possibly high 30s. After that fed and gov start the printers and we have a repeat of the covid bull market. At the moment we're in 2019.
I have accrued a good amount of dry powder, waiting to use it still. Happy to not be able to use it though.