Now over the last three days we have a sort of 'peeling off' of price. Wyckoff called this slab sided and usually indicates a nice break is about to occur. I'd like to see the break go right through support of 6.00. This market has a long ways to fall.
Either should have go 1. short on the close or to prevent false positive, 2. enter a short stop under the mtk so you'll be taken in on the break (prevents getting caught in a rally). Only risk with that sort of entry is a spring below the mtk taking you in and then a late days rally to the highs. Though there's so much weakness in this market I expecting the break