Things may seem extremely bad, but really they aren’t.
NVA peaked at $2.67 on March 11, pulled back and bottomed at $2.05 April 22, 6 weeks later. A 23.22% pullback before doubling to $4.10 July 5.
NVA then peaked at mentioned $4.10 July 5, and has now pulled back to $3.14, 6 weeks later. A 23.41% pullback.
Both pullbacks 23%. Assuming this is it, that is par for the course.
So, this correction is no worse than the last one and it doubled from there. Fundamentals are better than ever for supply/demand. We just stay patient through summer doldrums, delta spike etc… and off to the races to year end in another few weeks.