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Sean HymanSean Hyman
Keymaster
Post count: 3803

In looking at the long-term weekly chart (zoomed in), every time the price gets unusually stretched from closer-in moving averages (20-week and 50-week simple moving averages) and touches or goes through the top Bollinger Band, we MINIMALLY see a retracement back to the 50-week moving average, but sometimes it goes FAR lower. In fact, the downside volatility has been increasing/magnifying more.

Here’s the two likely scenarios, for where the market goes over the coming weeks to month or two. Once the downside starts, it could be swift.

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