This chart looks extremely bearish to me. I think everyone has become complacent to dips and that makes me worried for the downside in this one.
If we lose the $336 area, there's very little support below it. I think below that area would setup a test of the 200DMA at $244, but I'm actually worried we fall all the way back to the trend line before the next rally.
Let's see how this price action plays out in the coming weeks.
If we lose the $336 area, there's very little support below it. I think below that area would setup a test of the 200DMA at $244, but I'm actually worried we fall all the way back to the trend line before the next rally.
Let's see how this price action plays out in the coming weeks.
Note
Bought some lottery tix today
250P
for 1/17