Replies to post #25693 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***FAILED RETEST OF 50 DAY MOVING AVERAGE TODAY***

If today's low breaks this week, look for a swoon towards the 200 day moving average or around the psychological $1,000 mark... Near-term we have more downward pressure than upwards likely due to the resistance that was built off of this entire sell-off...

While a break above today's high and 50 day moving average would be bullish, it's hard to see the move snapping back up to test all-time highs, a consolidation pattern lasting approximately 3-months would be more likely in that scenario with a test of the 200 day MA still likely to take place...