Down to 2800 we did indeed go! Taking those short profits, and laughing maniacally.
With RSI broken down, and the bollinger band so squarely disrespected at the moment, I expect to see some kind of bounce and consolidation to see if the bears can manage to punch down towards 2750.
Though it could even happen at the close, if the bears really have cleared the sleep from their eyes.
Upping some hedged positions against some longer term shorts I've (painfully) held while the price is right - because there is no reason we can't revisit 2950 and still have a chance at re-testing bottoms.
Kinda looks to me like this one is rolling over though.
With RSI broken down, and the bollinger band so squarely disrespected at the moment, I expect to see some kind of bounce and consolidation to see if the bears can manage to punch down towards 2750.
Though it could even happen at the close, if the bears really have cleared the sleep from their eyes.
Upping some hedged positions against some longer term shorts I've (painfully) held while the price is right - because there is no reason we can't revisit 2950 and still have a chance at re-testing bottoms.
Kinda looks to me like this one is rolling over though.
