Engulfing candle. All the momentum indicators are rolling over atm.
Yesterdays reported shorts were 6,032,912. Open shorts as at 30 Mar. was 30,353,590 some of those could have been closed on the last 3 bars but who knows. If not then I guess the pros want the sp down a bit more yet.
Todays vol so far is -1,800,000 net selling at 2pm
Not a day for the faint hearted to be buying but the day is not over yet.
Could get down to that $2 area tomorrow.
LKE chart, page-1005
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