
My target was 75k, and at 76k we came close and have bounced on bull market support at the 21 week ema. When I stated the target last month, the 21 week ema was at 74k, with the 200 day at 71k, but both are rising. Today the 200 day is at 73k. Is the bottom in? I'm not sure. I would like to see these moving averages tested a bit more, and I think sentiment still has room to get worse, but price is largely in the area I expected it to come down to. More importantly, I think this is a good area to DCA as long as you have the right time horizon.
