Michael Nadeau

I'm waiting for it.

I'm going to just watch.

You know, I've got a plan for what I think is going to happen.

Yeah, so definitely still a possibility.

And I would say, you know, where we're at right now, having seen weakness over the last week, you know, probably somewhat locally oversold.

And so I would, you know, I would expect probably a retracement.

I'm not betting on this.

I'm not trying to count trade counter trend rallies or anything, but I think

the odds sort of point to like, okay, we might bounce back up, we might bounce back into the 80s or so.

We were expecting a retracement after we had initially come down, we came down from the highs in October, we came all the way down close to 80.

And I was expecting a move back up to 100.

We got up to 97 or so this was kind of early in January when this happened.

But we got rejected there.

And then we came back into no man's land.

That's where we were last week.

Now we've come into like, I would say a closer where we're like one, I think we're one sort of like level off of where I would say fair value is now.

And because we're locally oversold, I do think that the probability is now pointing towards

a retracement rally, what I would be looking for there is like, it's actually going to set a lower high.

So it's not even going to be able to get to the 97 K that we got to last time.

It sets a, you know, a lower high, maybe it's 90 K. I don't know, but that's like, it's every time it does this, it's giving the weak hands a chance to like get out at slightly higher levels.