We must hold this line, and lock in a higher high.
IF we can... this is how i see the next 2 or 3 weeks playing out.
IF we make a lower low, i see this going to the 12 to 13 dollar range, just based of basic elliot wave theory...
To justify todays price action, if you look back i was calling for us to give back this weeks gains and retest this range, i was just expecting it to be tomorrow/ early next week.
They hit the acceleration button on us, and sped it up. and i got wrecked.
The market as a whole, looks like crap.
all the calls i will be buying from now on will be 2 or 3 months out.
Today i played weeklies for the first time in a long time and almost blew up my account. i seen potential down side, and held my convictions and got slapped up.
Will target the 18 strike, far out. with full intentions of selling next week.
Good luck.