Wednesday, June 18, 2014 11:56:14 PM
Price points/Channel
11.10 = resistance
10.59 = pivot
10.43 = support
Imo, short short short. This is moving on low volume, the 5 run trade pattern broke after three failed attempts to move beyond previous highs (12.3X) which setup the 15% drop. Markets waiting for a confirmed capitulation, don't believe you're there yet. Have to wait and see where things stand Friday.
11.10 = resistance
10.59 = pivot
10.43 = support
Imo, short short short. This is moving on low volume, the 5 run trade pattern broke after three failed attempts to move beyond previous highs (12.3X) which setup the 15% drop. Markets waiting for a confirmed capitulation, don't believe you're there yet. Have to wait and see where things stand Friday.
My post is my opinion only. Manage your own risk.
Ut sementem feceris, ita metes
Ipsa scientia potestas est
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