WTIC Daily and RUT Update….
Diagonal trend line breached; however,
note downtrend channel hitting horizontal support denoted by blue/dashed line–horizontal support is stronger than diagonal support…
CCI still building a positive divergence…
Note the slope 20 flatlining in turn around territory…
The move has increased to 34%; more than previous moves, increasing velocity in a downtrend, but nothing goes straight down…
I was short, got out prematurely; currently, flat, awaiting reaction at current juncture. Does the strong move continue down or are we due for a bounce?
RUT 30…
Finding support at 38% fib–higher low?
Yesterday, had a mini bull trap…
Scalped yesterday, EOD flat…
We are due for a bounce, but shorting is all about knowing when to press your bet. I remain short
Thanks ES