I believe since we broke down out of this descending wedge, that we will drop further very soon. If you look at this trend line on the 15 minute, we have kissed it almost perfectly several times. I am going to short at the trend line around 7620. I'll see you guys at 7200! Remember, risk management is everything in trading. Keep a tight stop incase things go crazy.
Comment:
Still riding that thing ... We went through it a few times but it seems to be respecting it.