RE:I think today marks the low for this fallFlush11 wrote: Any technical gurus out there that have run the charts? Seems to be bouncing off the lows quickly.
I don't know, one thing I have learned about charts is absolutely nothing. a "pattern" might be seen but we typically see what we want to see. I've seen many "chartists" come and go and none were ever accurate. Sure, sometimes, but over time, no so I hesitate to say anything.
But (you knew that was coming Lol), on a very long term view....12 years....the 200 week trendline is slowly but surely turning upwards. This is the first time it has turned up since 2014. To me, this is a positive.
I hate this word but I HOPE debt covenants are removed next week and/or they have a newly formed syndicate of lenders with no restrictions and/or it is term debt.