I strongly believe that we are going to see a similar pattern emerge here as we did in the past since everything seems to line up quite perfectly. The key here is that it needs to hold the $39,500 area which still puts it at Higher Low from overall trend standpoint. I think February is when it will start to bounce back but until then it might hover around between $39k and $45k. Just an observation. let me know what you guys think. Not financial advice.
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