@rollandthomas: you said the other day you expected a bounce possibly to $7500. Given what has happened since, do you still think this is a probable scenario prior to a break below $6000, or do you think such a move is more likely to be capped lower, like say $6800-7000?
Thanks
The probability has decreased since the $6850 level was breached. It's not out of the question, but now price has to get pass the $6800 level and the $7200 level first, which wasn't the case in previous days. If the $6000 level is breached, I think we go lower before we go higher.
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Absolutely, thanks. I am considering decreasing my short term exposure, and wondering what levels I might expect could be the best opportunity to do so.