We may get the dump soon and reach a bottom in the $220s for a short time, but it's hard to tell. Either way, this is a , so I will be expecting it to break up out of this triangle and possibly start a new bull market (finally!)
Right now, it's still acting around $275 support, but I'm waiting to see what happens when we get to support in the $220s or somewhere around there. If and when we get another around $280s for a while, then I'll go ahead and short until we reach that level and then buy, depending on the price action. Watch for confirmation. We haven't had a large amount of yet, so this tells me the dump may not be over yet.