Good question. It did sort of feel like today might be the "real" bounce start. Especially since the daily RSI is below 30 now. So if we haven't hit bottom yet, I would think we will soon.
But I just don't know. It's done way too many fakes on the way down for me to have any faith in calling it. Also, it dipping back down after the afternoon rally doesn't fill me with confidence.
The unfortunate bit about all these fakes is that I fear by the time we can really confirm that the bounce is for real, we'll have missed a large part of the move. But hopefully not. Looking back over the chart, it had a big fall last December and another in Jan~Feb. In both of those cases, when it bottomed out it went sideways for a couple days. So if we're lucky, we may see that happen again.
Best of luck!
