I'm inclined to think that this turkey may have finally 'bottomed' in short term relative to Spring.
Yesterday (Tuesday) I was not so sure with that $Gold & $VIX pop upward, but based on what I see in early AM market today, it appears $Gold proving to be a tired trade as it is meeting resistance yet again.
One could prospect $Gold to finally break back down below 1200 I think and perhaps lower is reasonable to speculate.
But of course, anyone in this should have stop-loss threshold criteria in place, just in case it surprises more to the downside.
Seems reasonable to at least consider a starting position here in mid 5's (perhaps 5.60's or less)
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