Before the market opens…
Good morning / good evening everyone, wherever you’re breathing on this fine blue planet.
Trend-wise, it looks like we’ve rolled over on the daily after losing $7.70 and printing that lower low around $6.40. We’re sitting below the cloud and key averages now, so momentum is still leaning bearish for the time being.
Levels I’m watching: $6.25 below, then $5.20 if things keep bleeding. On the upside, $7.25–$7.30 is the line in the sand.
Feels like a “sell the rips, not buy the dips” kind of market right now. Still holding long-term conviction like most of you, just waiting for the chart to start respecting buyers again.