Thanks for the welcome ajtj. Hope to contribute soon. Let's just say 39.30 is an old friend/nemisis of mine. A fib.
The recent lows of 39.50 were close. Is that the bottom? Don't know. Nobody does.
I'm trading so neither bullish nor bearish. The bottom may be in or it may need another low...or the bottom may drop out....a chart speaks volumes on your position.