hate to say it.

But we have more downside... be prepared.

i would say the more likely scenario is we run to high 18s... low 19s this week.. and just drop off the face of the earth.

I see it being aggressive. an " emptying of the tank" for the bears.

looking to enter under 10$ for some long calls.

I would be willing to say if we run up this week and then drop... the bottom will be around 8 dollars.

But if we open and fall,, then the bottom will be under 5$ ..

Does this have to play out?? no... but it is something to keep your eye on...

Trend is your friend.

The daily candles we have been seeing have been tiny, i want to see a BIG aggressive red candle to see the end of the trend.

Needless to say... this trend will end with a W. Waiting for the re test and a hold of the bottom to entry.


Good luck.