Interesting pick Hoots.
Was watching CNBC early Tues morning & they had an Analyst showcase the S&P & Dow on EMA 50, 100 & 200 trendlines. At that point EMA50 was breached & he alluded to 200EMA as a 'lookout' point for most analysts. So yr analysis is spot on with regards to the bounce.
cheers
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- Tue February 6