LOL.
there is no conspiracy. I dont know who trent is.
I am calling the TA as to what its showing with NO AGENDA.
Annual lows normally hit in July/Aug & end Oct with a dash down in March
so far the trend is repeating again
March saw a 530c dropdown from the Jan high
now its leading as a 330c dropdown already from the 22 may lower high
last year the interim high was 24 july & interim low was on 14 August & annual low hit 4-11 Sept
we are now below the 14 March lows which went to 23.60 on 18 March
So the SHORTS want to see this 23.60 again no doubt then crack it toward 20-22 area imho.
Will be an interesting week to see if they can do it again but then they have till 14 August to run it down again so plenty of time to zigzag around to sux in the BULLS.
BULL TRAP SPRINGING imho.
FMG Technical Analysis, page-11239
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