SLF and MFC March 30

I am assuming, as I did before (see ),  that 5 down was complete and now at the very least we should have a correction back to the top of the triangle, normally in an a-b-c structure. The a was complete with the big move up and now for the last day or two we have been working on the b. As indicated, on at about $19 or so, it should be bought for the c part. Here are the charts.

SLFMarch 30

 

MFC MARCH30

It is hard to tell if we are down deep enough, it is simple a matter of weighing the chances of missing the boat against the potential of $5-$10 up. On the next down day I would buy.