Unless we see TOTAL below 931.33B and HOLDING I cannot be bearish
We may be seeing a classic case of previous resistance becoming support... We will see how it plays out
Sentiment at least from what I am seeing is very bearish. So we could have people either waiting to go long lower (who may chase if we rebound) or we have possibly shorts chasing at the lows for a breakout
I am betting 931B holds up for longs and we can get a reversal targeting 986B or clip 1T before I expect selling pressure could be very heavy there
We may be seeing a classic case of previous resistance becoming support... We will see how it plays out
Sentiment at least from what I am seeing is very bearish. So we could have people either waiting to go long lower (who may chase if we rebound) or we have possibly shorts chasing at the lows for a breakout
I am betting 931B holds up for longs and we can get a reversal targeting 986B or clip 1T before I expect selling pressure could be very heavy there