based on the VIX retreat from it's highs, and the bounce of SOXL off it's 50% fib retreat level, I predict a bounce back to 45+- in the next 2 weeks or so.
Of course watch the SPX and SOX and SMH for more relevant fib levels.
If this bounce materializes just remember it is simply a bounce in a downtrend. Sell the rips hard.
Up 25% then down again.
Of course watch the SPX and SOX and SMH for more relevant fib levels.
If this bounce materializes just remember it is simply a bounce in a downtrend. Sell the rips hard.
Up 25% then down again.
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