CallMeCorny

CallMeCorny

We got the bearish close I was looking for in the last chart. Still holding onto my short, looking for 6250 area for a cover. Ideally we get a nice heavy wick down below 6250 for a cover. Will evaluate more as we move through today.

CallMeCorny

Rejection off of the 7/25 MAs. Still waiting for a daily close for confirmation. Looking to be ready to retest the low of 6250. MACD also showing bear cross. A break lower can lead to quick, massive, selling down to 6000 or lower. Also keeping a close eye on number of shorts open to get an idea of how much momentum they are capturing and what the risk of a short...

CallMeCorny

Green lines are support, red are resistance. Interesting movement so far. Looking for the wedge to break upwards, and close above horizontal 6450 resistance, to signify potential bullish continuation, or downwards for further bearish movement.