Replies to post #91569 on Simple's Green Room

[pennies2007]

Agreed Git. Lots of pent-up selling pressure that could be unleashed here.

Looks like that 1.0844 top may hold after all. I hate getting in near a top and getting out too early...LOL!

But all is well. All we have to do is wait on the retrace and get back in short again.

I think what we need to see though is some of the previous active lows get taken out, starting with that 1.0680 support level. A solid break below there would allow us to get back in short at either a 61.8 or 78.6 bounce on a Wave 2 retrace. Then it's look out below!

[estimator]

Looks like they are going to get it all in one night. Dropping right through support like there is none.