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GC and SI have both experienced extended downward moves, according to Linda Raschke. She suggests that while further downside is possible in the near term, any additional declines could trigger a rally back above the February swing low.
Raschke's analysis points to a potential rebound scenario if the current downtrend stretches further.
Raschke's perspective on the current downturn aligns with her prior observations, including when she noted that the peso had set new momentum lows after a breakout, highlighting the significance of technical thresholds in market direction. Her ongoing evaluation of asset classes is further reflected in her recent focus on pharmaceutical stocks amid broader portfolio adjustments, underscoring the adaptability of her market approach across diverse sectors.