What I am expecting imminently is for a print of a daily cycle low (I thought we had it last week at 91c as we were in the timing band for it) somewhere between here and the mid 80s. Following this, - a retrace up to circa high 90s end of March into mid April - a final down leg to complete the weekly (intermediate) cycle by end of May, which if it follows the tech sector, will see it break the 1 Feb low of 81c to set an intermediate cycle low (maybe the 150MA and support area at around low to mid 70s catches it). - after this, we get a good run into earnings season and post (assuming they meet/exceed expectations on revenue and earnings. I expect them to exceed).
Frustrating I know, for newbies, welcome to the stock market!
AMS Price at posting:
87.5¢ Sentiment: Hold Disclosure: Held
