The current sentiment is getting more and more optimistic day after day and the people who sold during the latest crash are starting to buy back. I would't be surprised to see a fast pop over the 60% fib and then some weeks or even months of weakness. I wont extrapolate more. We'll see.
The idea is:
1. Overreaction down. 2. Overreaction up. 3. Return to the mean.
The idea is:
1. Overreaction down. 2. Overreaction up. 3. Return to the mean.