Its possible what jd says as well. The hourly chart is pretty...

Its possible what jd says as well. The hourly chart is pretty oversold. So they could wait another day and burn off this oversold condition a bit so they can do more damage on the drop down.

This is the third test of the bottom of this channel, so the bulls might get it back to the moving average tonight for overall only a smallish negative night or even rally all the way back to the top for a 4th upside test (though would still be negative as channel is downward).

But I'm guessing the 3rd test tonight will break (despite being a bit oversold).

And voltaire's full moon is on the weekend. So that's good enough for me. :)