We are one day closer, and i'm very surprised we didn't start to see a move higher with some volume today. I still think we see a volume surge yet this week, i'm just not sure which direction its going to go. Your right the RSI as well as Williams R%, slow Stocastics, and several other indicators are at 6 month lows all of which would indicate we are getting close to a short term bottom. BUT without volume current PA tells me the m&m's want to try to break through .007 knowing if they do it's likely going to spark a round of larger longs exiting and I would have to agree that it would likely happen, why? Because thats how this game is played. Longs that are in the money from our lows are still very comfortable in their positions but, we know there are numerous longs that bought well above .012 and if we break .007 we could see a surge in selling. I've been expecting to see this flush lower and with the bearish cross over in the weekly PPO if we don't see a move about .01 by thursday imo some longs are going to be tested. We'll see. We all expect news but we've all seen this before with companies it could be literally weeks to months before we hear one word. CLWD day will come at some point. CLWD
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