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No relevant ZH articles for me to post in so posting here.
It looks like a one year trend will break if this doesn't find support at or above the 200dma now,. I fully expect it will not find any such support. Hopefully today or tomorrow it will hit the 200, certainly in September IMO, and then it should keep going down. Going back 12 months, each time there was a little tick between the 50 and 200, it found support on or above the 200. Each time there was no tick (only twice), it did not find support. Now there is a tick, and I expect this will be a case in which it does not find support at the 200. So this should be a much bigger market event than the last two "corrections" if it does not hold the 200dma. Overall, it looks like TPTB sold into the dip facilitate more BTFD, but now it looks like they were kind of fighting it.
