I posted on this one previously - if the day closes correctly, we will have broke support below a / uptrend.
I love this as a short or options put. Leading into the Elections - the tech sector going to come under heavy fire. . . Expect Threasts, Talks, Balks at serious regulation.
And that's my two satoshi's.
If it bounces at or around that level - i expect continued declines.
Disclaimer - we have taken profits on this trade already.
It has been a bumpy road, however, i am still very bearish on this, especially as an option, through November.
Primarily, I expect a lot of tech bashing during the midterms.
WE will also be looking at the charts of the newly minted XLC Fund, for options shorting during the midterm time frame.