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 squeeze is.
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 squeeze is.