The market looks ready to begin punishing junk again. The dipped nearly 50% from a local top in December ‘22 to its recent low on 2/1. It’s got a 5/20 MA cross and the market backdrop seems to support this price movement. This week may be the start of the next countertrend, and there’s only about $4 of downside to close it out if that’s not the case…
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2 years ago · Michael
