Its recoiled up to the areas that I noted. From here, near-term, it becomes a tougher call because we don’t know for 100% if the decline continues or if it rallies higher once more. Thankfully, as it concerns our long-term positions, it doesn’t matter.
It wouldn’t surprise me if something like this unfolds. However, near-term judgment calls at this point, are tough to call. The three-wave bounce up to this point was easier to call.