200-week moving average is 2640. Will be a little higher each week. Currenty implies 22% drop, may well be 20% by time it is reached. Dec 19 panic exactly hit the 200W. Also very close in Jan 16.
Good news will stop this, but if there is none, there is your bottom.
Good news will stop this, but if there is none, there is your bottom.
David Atherton