When in doubt, invert it out.

This trade would look like a bottom to me and I would long. Therefore, this looks like a low risk short play from here.


I think we test the support one more time and possibly wick below it before reclaiming it. From there we might see some low volume consolidation/accumulation similar to late July before a push up into the EOY.

Entry: 11700-11800
SL: 11900
TP: 11100-10800