Thought we would fade into the weekend, maybe we still will , but this support is done and we are going down to the next trend.
Comment:
Plunge protection for sure ;) .. The inevitable is prolonged. Always put super tight stops when trying to time the next down move. If the market doesn't fall more here I will be looking at shorting the top trend line. Past that..... you go long , market makes new highs and you short the tend from the initial gap down.
Comment:
We either break the current trend to the upside or we will be bouncing around this range for a couple weeks.