She’s already broken down captain! SRS has lost 74% since the mid Nov high. From current levels, I’m estimating max 15%-20% drawdown. With SRS being oversold and its ADX under 20, I like my odds here for a counter-trend rally…
Regards, frenchee
#board-4258TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)