Intraday low over last year was 352.96 back on Nov. 1, 2016. It closed at 359.92 on that day. You would have to go back 4+ years to get to the time when these levels were broken/tested. June 5, 2013 – intraday low $350.66, closed at $353.03
It went all the way down to $362.40 today, but then rebounded some. So it was testing those lows from last year. Will be very interesting to see what happens tomorrow. It’s hard to say when public perception is involved, depends how much coverage it gets.
Without studying more, I would say that if it doesn’t retest today’s low in the first 30 minutes of trading tomorrow, it will likely rebound some from here. If it ever closes below $350, I would need a longer timeframe to even start guessing at where the bottom would be (probably high $200’s-$300ish).
Anyone else care to take a stab?
