Looks like it's a bull trap to me. Top at 460 then free fall down to 420 for a reversal after to stay in long term channel. But short term definitely would rather buy puts on this right now. Long term buy the dip obviously market always recovers
Closed near moving average most likely will open tommorow in low 441 close if the 440 support is broken look to take profits around 337price target for puts for this week. Looking pretty rough resistance crushed this rally looking for further drops upcoming days. 410 by end of September
.45 by beginning of September 60 by November then a dollar and then some by the new year ! Happy trading!
I haven't traded for long but this is an outcome I could see to start the mass hopefully shorts cover before we hit 400 or there going to be sorry
Been sitting at 8 for awhile now and looking to turn upwards by eow my price target would be probably 9.50