same plan as my last post.... waiting to see the reaction
The last time we hit $97 we had an absolute dump... This time it could be different. We actually have strong support that could hold. My box is the level to hold and im expecting it to be broken and regained for a move up. I will layer in the box with a wide stop loss.
I am already long and in profit. First PT is the box. Taking out 33% there and holding the rest for possible new highs.
Usually after a huge move down into prior untested accumulation I would expect a pop to the upside. I dont see us bouncing here. I really think they just reject this level and continue much lower. I am shorting here even though I dont like to short at support. Risking half a percent or less.
Keep eye on this for the next few months.