marco,good pick up.trouble with that gap, would have meant...

marco,

good pick up.
trouble with that gap, would have meant people would have to admit it would head down again!

It is a big call (at this point in time) to be calling SLR to break the recent 1.25 high.

This may go either way ATM, and to buy against a massive downtrend is playing with fire, having said that buying at $1.00 support for a quick trade (bounce) was a good strategy.

A close below 1.025 will probably see more downside whilst a break of the recent high 1.25 may see 1.60s. Gap at 1.715 to fill too.

This has been a sick puppy since Oct and unless you are looking for a bounce trade from a support line, you are playing with fire, or better still there are way more better opportunities in the market than SLR.

Cheers