There's a lot of confluence in that zone. Could it go lower? Of course. I think 75-76k would be a more optimal entry, but as long as I can grab some below 80k, I believe the chances of a bounce are higher than expecting sub-70k levels...
I could be completely wrong, and this could just be part of the normal path toward 71k, but I like my odds here.
At least, I plan to take some profits around the mid-80ks.
I’m mostly waiting to see how the market reacts post-Q1, especially after March 20th, before jumping back in big (just high caps)