As one who is big into technical analysis, but who has been proven to be wrong many, many times by my longer term associates.....I would say you’re probably better off hanging in for a longer period of time. Did not the nasdaq and the S&P regain 80 to 90% of the hit they took the other day? Besides what other sectors are doing well?
I got my pal into Valero at 124 and thought he should sell it at 128 and did. Now it’s 143.
Fed will raise rates because govt wont stop spending. More treasury debt means higher interest rates. Or maybe the Fed cares more about public approval than the bankers’ money.
Buy low, sell high.