relax we're still testing this is the best time to enter cause you can get a tight stop let them run the lows of yesterday ideally then we see if we get follow thru.
still long though its scary as hell.
You have to remember everyone was/is getting short this is the firepower we need because if it doesn't breakdown that will cause it to spike the other way when all the ppl who are shorting now are wrong, so we need to to be ugly so the short, sellers of stock panic out removing selling ppl.
Of course, it could be a REAL breakdown but lets we will see, want to see it get back above 43.60 to invalid this move down (or it will become resistance on a rally back up before it plunges most likely)
still long though its scary as hell.
You have to remember everyone was/is getting short this is the firepower we need because if it doesn't breakdown that will cause it to spike the other way when all the ppl who are shorting now are wrong, so we need to to be ugly so the short, sellers of stock panic out removing selling ppl.
Of course, it could be a REAL breakdown but lets we will see, want to see it get back above 43.60 to invalid this move down (or it will become resistance on a rally back up before it plunges most likely)
BUT.. I'm not wrong yet!!