Dashed line above is Bull trend within the Blue Box range (see related idea linked to this page). Dashed line below is Bears. If bulls lose $8,100, we could see a quick drop to $7,800 and a bounce back to $8k. $8,000-8,100 is the last support before a retest of lower levels.
Bears might win this round before a monday/tuesday bounce back into $8,200 territory.
(I'm still long in a small position ready to rebuy the rest at next opportunity. this is a very near term short thesis)
Bears might win this round before a monday/tuesday bounce back into $8,200 territory.
(I'm still long in a small position ready to rebuy the rest at next opportunity. this is a very near term short thesis)
