“Fibonacci support at 11,500 has failed. The next retracement will take the Dow down to about 10,000. If that holds, buy. Otherwise, if that fails, the next retracement level will be 7500.”
I was thinking 11,200 would be a good place to buy in say about 15-25% (I’ve been in cash since 14,000).
But now that we are here, I don’t really like what I see. I think we need a cleansing capitulation of 800-1000 pts. But who knows with this market.
The DOW is going below 10 before the end of Sept.